Zip 37172 (Springfield, TN) Housing

The housing market in Springfield, TN (zipcode 37172) is booming! The median value of homes in this area is $314,200, which is slightly below the US median of $338,100. However, the 1 year appreciation rate of homes in Springfield is 17.31%, much higher than the national average of 8.27%. This suggests that housing prices are going up fast and now could be a good time to invest in real estate in this area.

The median home cost in Springfield (zip 37172) is $314,200. Home appreciation the last 10 years has been 152.0%. Home Appreciation in Springfield (zip 37172) is up 25.7%.

Average Age of Homes

- The median age of Springfield (zip 37172) real estate is 33 years old

The Rental Market in Springfield (zip 37172)

- Renters make up 27.2% of the Springfield (zip 37172) population
- 0.9% of houses and apartments in Springfield (zip 37172), 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, Tennessee	United States
	12,267.0	139,647,020.0
	34	42
	$314,200	$338,100
	25.7%	16.6%
	82.3%	57.0%
	152.0%	101.1%
	$6.40	$10.98
	$1,311	$2,690
	63.5%	57.4%
	6.1%	11.2%
	30.4%	31.4%
Vacant Housing
	0.9%	1.9%
	1.2%	0.4%
	0.5%	0.7%
	0.8%	0.4%
	0.0%	3.6%
	2.6%	4.1%
Value of Owner-Occupied Housing
	1.5%	2.6%
	2.5%	2.4%
	1.3%	2.8%
	2.5%	3.9%
	3.0%	4.5%
	16.4%	11.3%
	21.3%	13.0%
	27.9%	20.1%
	11.3%	13.6%
	4.4%	8.3%
	4.9%	9.7%
	0.7%	3.9%
	2.0%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.4%	0.2%
	17.2%	13.6%
	17.2%	13.6%
	20.4%	13.6%
	12.0%	13.2%
	15.3%	14.8%
	20.4%	13.6%
	9.5%	10.0%
	3.0%	4.7%
	6.2%	12.2%

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