Springfield, PA 19064 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Springfield, PA—19064

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$495,000

2.2% YoY Growth

Household Income

$132,000

19.3% YoY Growth

Days on Market

0.0% Longer YoY

Home Price Forecast

1.6%

Median Rent

$1,750

5.2% YoY Growth

1-Bed Rent

$1,000

N/A

2-Bed Rent

$1,750

3.9% YoY Growth

3-Bed Rent

$3,000

3.2% YoY Growth

Home Price Trends — Springfield, PA

As of May '26, the median home price in Springfield, PA is $495,000, with a year-over-year change of 2.2%. This indicates that home prices in Springfield, PA are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$495,000	2.2%
Single Family	$499,000	2.5%
Condos	$314,000	0.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Springfield, PA

As of July '25, Rentcast reports the average rent in Springfield, PA is $2,010, with a year-over-year rent change of -5.2%. Per bedroom, the median rent as of July '25 in Springfield, PA is 1-bedrooms: $1,250, 2-bedrooms: $1,740, 3-bedrooms: $3,000, 4-bedrooms: $3,390. The most common rental property sizes in Springfield, PA are 2-bedroom and 3-bedroom, accounting for 59.8% and 25.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,750	$2,010
Studio Rent	N/A	N/A
1 Bed Rent	$1,000	$1,250
2 Bed Rent	$1,750	$1,740
3 Bed Rent	$3,000	$3,000
4 Bed Rent	$3,390	$3,390

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% of Rental Stock

Studio

1.5%

1 Bedroom

10.2%

2 Bedrooms

59.8%

3 Bedrooms

25.6%

4 Bedrooms

2.9%

Property Listings — Springfield, PA

As of May '26, Realtor.com reports that the median days on market for a home in Springfield, PA is 17. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$510,000	-2.0%
Listing Count	55	11.0%
Listings as % of Homes	0.3%	11.0%
Days on Market	17	0.0%

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Demographics — Springfield, PA

As of the latest ACS Survey released in 2023, Springfield, PA has a population of 25,100, which has increased by 1.9% over the past 5 years. Springfield, PA is a moderately popular place for families, as children make up 24.0% of the population. The area has a highly educated workforce, with 47.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	25,100	1.9%
% Under 18	24.0%	8.6%
% Seniors	18.5%	-0.5%
% WFH	17.3%	253.1%
% w/ College Degree	47.8%	2.6%

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As of the latest ACS Survey released in 2023, Springfield, PA is a predominantly white area, with 87.0% of the population identifying as white. The white population has shrunk by 5.7% in the last 5 years. The second most common race or ethnicity in Springfield, PA is asian, making up 4.9% of the population. Foreign-born residents account for 5.0% of the population in Springfield, PA, and this percentage has decreased by 5.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	87.0%	-5.7%
% Black	2.1%	50.0%
% Hispanic	3.4%	142.9%
% Asian	4.9%	44.1%
% Foreign Born	5.0%	-5.7%

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Mortgage and Risk — Springfield, PA

According to HUD data as of 2023, there were 530 mortgage originations in Springfield, PA, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Springfield, PA. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	530
% Conventional Loans	92.0%
% Government Loans	8.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Springfield, PA

As of 2024, the percent of homes in Springfield, PA under the Section 8 program is 0.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Springfield, PA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	4
Total Units Section 8	4
% Rentals under Section 8	0.6%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$640	$1,000	$1,640
2 Bedroom	$200	$1,750	$1,950
3 Bedroom	-$650	$3,000	$2,350
4 Bedroom	-$720	$3,390	$2,670

Springfield, PA—19064

Key Metrics at a Glance

Home Price Trends — Springfield, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Springfield, PA

% of Rental Stock

Property Listings — Springfield, PA

Demographics — Springfield, PA

Race and Ethnicity

Mortgage and Risk — Springfield, PA

Mortgages

Rentals and Section 8 — Springfield, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Springfield, PA

Home Price to Income Ratio

Springfield, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Morton, PA

Swarthmore, PA

Drexel Hill, PA

Clifton Heights, PA

Folsom, PA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.2
Median Home Price	$495,000
Median Household Income	$132,000

Springfield, PA—19064

Key Metrics at a Glance

Home Price Trends — Springfield, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Springfield, PA

% of Rental Stock

Property Listings — Springfield, PA

Demographics — Springfield, PA

Race and Ethnicity

Mortgage and Risk — Springfield, PA

Mortgages

Rentals and Section 8 — Springfield, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Springfield, PA

Home Price to Income Ratio

Springfield, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Morton, PA

Swarthmore, PA

Drexel Hill, PA

Clifton Heights, PA

Folsom, PA

Frequently Asked Questions

What is the average home price in Springfield, PA 19064?

How have home prices in Springfield, PA 19064 changed over the past year?

What is the home price projection for Springfield, PA 19064?

What are the demographics of Springfield, PA 19064?

How long does it take homes to sell in Springfield, PA 19064?

What is the average rent price in Springfield, PA 19064?