Springfield, SC—29146
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Springfield, SC
As of Oct '25, the median home price in Springfield, SC is $91,000, with a year-over-year change of -11.6%. This indicates that home prices in Springfield, SC are decreasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $91,000 | -11.6% |
| Single Family | $91,000 | -9.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Springfield, SC
Springfield, SC lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Springfield, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Springfield, SC is 38. This is a increase of 100.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $94,000 | -93.0% |
Listing Count | 6 | 250.0% |
| Listings as % of Homes | 0.5% | 250.0% |
Days on Market | 38 | 100.0% |
Demographics — Springfield, SC
As of the latest ACS Survey released in 2023, Springfield, SC has a population of 1,300, which has decreased by -23.6% over the past 5 years. Springfield, SC is a moderately popular place for families, as children make up 19.5% of the population. The area has a poorly educated workforce, with 16.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,300 | -23.6% |
% Under 18 | 19.5% | -2.5% |
% Seniors | 20.1% | -23.0% |
% WFH | 14.0% | 97.2% |
% w/ College Degree | 16.0% | -5.3% |
As of the latest ACS Survey released in 2023, Springfield, SC is a predominantly black area, with 67.1% of the population identifying as black. The black population has grown by 8.6% in the last 5 years. The second most common race or ethnicity in Springfield, SC is white, making up 31.9% of the population. Foreign-born residents account for 0.0% of the population in Springfield, SC, and this percentage has decreased by 100.0% 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 | 31.9% | -10.9% |
% Black | 67.1% | 8.6% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.2% | ∞% |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Springfield, SC
According to HUD data as of 2023, there were 4 mortgage originations in Springfield, SC, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 85.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Springfield, SC. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 4 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Springfield, SC
Springfield, SC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $870 |
| 2 Bedroom | N/A | N/A | $990 |
| 3 Bedroom | N/A | N/A | $1,320 |
| 4 Bedroom | N/A | N/A | $1,610 |
Affordability — Springfield, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $91,000 |
| Median Household Income | $36,600 |