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Springfield, Jacksonville, FL—32206

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$134,000
5.8% YoY Growth
Household Income
$37,600
41.5% YoY Growth
Days on Market
52
6.0% Shorter YoY
Home Price Forecast
-0.7%
Median Rent
$1,200
9.0% YoY Growth
1-Bed Rent
$800
7.5% YoY Growth
2-Bed Rent
$1,120
1.8% YoY Growth
3-Bed Rent
$1,260
11.8% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Springfield, Jacksonville, FL

As of May '26, the median home price in Springfield, Jacksonville, FL is $134,000, with a year-over-year change of -5.8%. This indicates that home prices in Springfield, Jacksonville, FL 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 TypeMedian Home ValueYoY % Change
All Homes
$134,000-5.8%
Single Family $134,000-4.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$91,000-7.1%
    3 Bed
    		$131,000-5.1%
    4 Bed
    		$221,000-3.9%
    5 Bed $266,822-1.8%
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    % of Housing Stock

    Studio
    3.6%
    1 Bedroom
    13.2%
    2 Bedrooms
    30.6%
    3 Bedrooms
    36.8%
    4 Bedrooms
    13.7%
    5+ Bedrooms
    2.2%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    6.0%
    1 Bedroom
    23.9%
    2 Bedrooms
    32.9%
    3 Bedrooms
    29.4%
    4 Bedrooms
    7.8%
    5+ Bedrooms
    0.1%

    Property Listings — Springfield, Jacksonville, FL

    As of May '26, Realtor.com reports that the median days on market for a home in Springfield, Jacksonville, FL is 52. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 54.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$199,000-15.0%
    Listing Count
    		140-12.0%
    Listings as % of Homes1.4%-12.0%
    Days on Market
    		52-6.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		16,8001.9%
    % Under 18
    		26.7%27.1%
    % Seniors
    		13.7%-4.2%
    % WFH
    		13.9%456.0%
    % w/ College Degree
    		20.6%47.1%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio4
    Median Home Price$134,000
    Median Household Income$37,600

    Springfield, Jacksonville, FL — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Brooklyn / Downtown, Jacksonville, FL

    32202

    Arlington, Jacksonville, FL

    32277

    Downtown / Riverside, Jacksonville, FL

    32204

    Arlington, Jacksonville, FL

    32211

    Brentwood, Jacksonville, FL

    32209

    Frequently Asked Questions