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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Springfield, GA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Springfield, GA Housing Market Trends

With 2,942 people, 1,127 houses or apartments, and a median cost of homes of $250,437, Springfield real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Springfield, accounting for 79.01% of the city's housing units. Other types of housing that are prevalent in Springfield include duplexes, homes converted to apartments or other small apartment buildings ( 11.20%), mobile homes or trailers ( 4.43%), and a few large apartment complexes or high rise apartments ( 3.18%).

The most prevalent building size and type in Springfield are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.59% owning and 39.41% renting.

There is a lot of housing in Springfield built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Springfield built between 2000 and later ( 30.69%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.74%). There's also some housing in Springfield built before 1939 ( 3.26%).

Springfield Home Appreciation Rates

Appreciation rates for homes in Springfield have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 93.80%, which ranks in the top 40% nationwide. This equates to an annual average Springfield house appreciation rate of 6.84%.

Appreciation rates are so strong in Springfield that despite a nationwide downturn in the housing market, Springfield real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Springfield appreciation rates continue to be some of the highest in America, at 9.93%, which is higher than appreciation rates in 94.38% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Springfield. Springfield appreciation rates in the latest quarter were at -0.16%, which equates to an annual appreciation rate of -0.62%.

Relative to Georgia, our data show that Springfield's latest annual appreciation rate is higher than 90% of the other cities and towns in Georgia.

Average Home Values

Median Home Value

$250,437

Springfield, GA Home Prices
> $1,391,000
$1,044,001 - $1,391,000
$695,001 - $1,044,000
$557,001 - $695,000
$417,001 - $557,000
$278,001 - $417,000
$139,001 - $278,000
$70,001 - $139,000
$0 - $70,000
0.5%
0.5%
0.0%
0.0%
0.9%
0.9%
3.0%
3.0%
16.6%
16.6%
32.3%
32.3%
37.4%
37.4%
6.2%
6.2%
3.1%
3.1%
0% 100.0%
% of Homes
Average

for Georgia

Average

for nation

Number of Homes And Apartments:

1,127

Springfield Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,237 / per month

Homeownership Rate

Owners
Renters
60.6%
60.6%
39.4%
39.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.8%
5.8%
94.2%
94.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
30.7%
30.7%
45.3%
45.3%
20.7%
20.7%
3.3%
3.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
79.0%
79.0%
2.2%
2.2%
11.2%
11.2%
3.2%
3.2%
4.4%
4.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
2.0%
2.0%
24.2%
24.2%
53.4%
53.4%
14.6%
14.6%
5.7%
5.7%
0% 100.0%
% of Homes

Popular Neighborhoods in Springfield

Zip Codes in Springfield, GA