Zip 97478 (Springfield, OR) Housing

The housing market in 97478 Springfield, OR is competitive and on the rise. The median value of homes in this area is $408,100, which is well above the national median value of $338,100. Homeowners have also seen an impressive 8.24% appreciation rate over the past year, which is very close to the US 1-year house appreciation rate of 8.27%. It's clear that housing demand in this area is strong and that prices are continuing to climb.

The median home cost in Springfield (zip 97478) is $408,100. Home appreciation the last 10 years has been 126.6%. Home Appreciation in Springfield (zip 97478) is up 13.1%.

Average Age of Homes

- The median age of Springfield (zip 97478) real estate is 39 years old

The Rental Market in Springfield (zip 97478)

- Renters make up 30.7% of the Springfield (zip 97478) population
- 0.6% of houses and apartments in Springfield (zip 97478), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Springfield, Oregon	United States
	15,141.0	139,647,020.0
	43	42
	$408,100	$338,100
	13.1%	16.6%
	67.4%	57.0%
	126.6%	101.1%
	$9.98	$10.98
	$2,798	$2,690
	68.0%	57.4%
	2.0%	11.2%
	30.0%	31.4%
Vacant Housing
	0.6%	1.9%
	0.0%	0.4%
	0.3%	0.7%
	0.3%	0.4%
	0.6%	3.6%
	0.2%	4.1%
Value of Owner-Occupied Housing
	2.7%	2.6%
	3.2%	2.4%
	0.5%	2.8%
	0.5%	3.9%
	1.1%	4.5%
	4.0%	11.3%
	9.7%	13.0%
	34.9%	20.1%
	20.2%	13.6%
	8.5%	8.3%
	12.2%	9.7%
	1.4%	3.9%
	0.7%	2.2%
	0.3%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	12.5%	13.6%
	12.5%	13.6%
	18.1%	13.6%
	11.0%	13.2%
	25.7%	14.8%
	18.1%	13.6%
	5.5%	10.0%
	7.2%	4.7%
	2.8%	12.2%

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