Springfield, Jacksonville, FL—32206
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Springfield, Jacksonville, FL
As of Oct '25, the median home price in Springfield, Jacksonville, FL is $126,000, with a year-over-year change of -9.0%. This indicates that home prices in Springfield, Jacksonville, FL are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $126,000 | -9.0% |
| Single Family | $125,000 | -9.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $85,000 | -12.4% |
3 Bed | $122,000 | -9.6% |
4 Bed | $209,000 | -7.1% |
| 5 Bed | $249,000 | -5.0% |
% of Housing Stock
Rental Trends — Springfield, Jacksonville, FL
As of July '25, Rentcast reports the average rent in Springfield, Jacksonville, FL is $1,220, with a year-over-year rent change of -9.0%. Per bedroom, the median rent as of July '25 in Springfield, Jacksonville, FL is studios: $1,090, 1-bedrooms: $888, 2-bedrooms: $1,150, 3-bedrooms: $1,350, 4-bedrooms: $1,680. The most common rental property sizes in Springfield, Jacksonville, FL are 2-bedroom and 3-bedroom, accounting for 32.9% and 29.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,220 |
| Studio Rent | $1,050 | $1,090 |
| 1 Bed Rent | $800 | $888 |
| 2 Bed Rent | $1,120 | $1,150 |
| 3 Bed Rent | $1,260 | $1,350 |
| 4 Bed Rent | $1,550 | $1,680 |
% of Rental Stock
Property Listings — Springfield, Jacksonville, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Springfield, Jacksonville, FL is 68. This is a increase of 32.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $222,000 | -5.0% |
Listing Count | 146 | 10.0% |
| Listings as % of Homes | 1.4% | 10.0% |
Days on Market | 68 | 32.0% |
Demographics — Springfield, Jacksonville, FL
As of the latest ACS Survey released in 2023, Springfield, Jacksonville, FL has a population of 16,800, which has increased by 1.9% over the past 5 years. Springfield, Jacksonville, FL is a popular place for families, as children make up 26.7% of the population. The area has a poorly educated workforce, with 20.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,800 | 1.9% |
% Under 18 | 26.7% | 27.1% |
% Seniors | 13.7% | -4.2% |
% WFH | 13.9% | 456.0% |
% w/ College Degree | 20.6% | 47.1% |
As of the latest ACS Survey released in 2023, Springfield, Jacksonville, FL is a predominantly black area, with 66.5% of the population identifying as black. The black population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Springfield, Jacksonville, FL is white, making up 22.3% of the population. Foreign-born residents account for 4.8% of the population in Springfield, Jacksonville, FL, and this percentage has increased by 50.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 22.3% | -1.8% |
% Black | 66.5% | -6.1% |
% Hispanic | 6.5% | 109.7% |
% Asian | 0.8% | -20.0% |
% Foreign Born | 4.8% | 50.0% |
Mortgage and Risk — Springfield, Jacksonville, FL
According to HUD data as of 2023, there were 232 mortgage originations in Springfield, Jacksonville, FL, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Springfield, Jacksonville, FL. Investor activity is low, as 6.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 232 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 6.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Springfield, Jacksonville, FL
As of 2024, the percent of homes in Springfield, Jacksonville, FL under the Section 8 program is 24.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Springfield, Jacksonville, FL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,420 |
Total Units Section 8 | 880 |
% Rentals under Section 8 | 24.4% |
% Occupied Section 8 | 85.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $230 | $800 | $1,030 |
| 2 Bedroom | $100 | $1,120 | $1,220 |
| 3 Bedroom | $270 | $1,260 | $1,530 |
| 4 Bedroom | $380 | $1,550 | $1,930 |
Affordability — Springfield, Jacksonville, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $126,000 |
| Median Household Income | $37,600 |