Housing & Real Estate — Springfield, Minnesota

Overview

Total Housing Units1,020
Occupied932
Vacant88
Owner-Occupied697
Renter-Occupied235
Median Home Value (Census)$122,300
Estimated 2026~$134,000
Median Rent$781/mo
Median Property Tax$1,574/yr

Affordability

Home Price to Income RatioN/Ax
Home Affordabilityaffordable
Rent as % of Income15.8%
Severely Rent-Burdened37.1%

Housing Age

Built 2010 or later18
Built 2000-200955
Built 1990-199949
Built before 1960560
Median Year Built1951
Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.