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Springfield—65897

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

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Household Income

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Days on Market

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Home Price Forecast

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Median Rent

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1-Bed Rent

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2-Bed Rent

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3-Bed Rent

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Other Zip Codes in Springfield

Home Price Trends — Springfield

Springfield lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	N/A	N/A
Single Family	N/A	N/A
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Springfield

Springfield 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

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% of Rental Stock

1 Bedroom

100.0%

Property Listings — Springfield

Springfield lacks sufficient listing trend data for analysis.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	N/A	N/A
Listing Count	N/A	N/A
Listings as % of Homes	N/A	N/A
Days on Market	N/A	N/A

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Demographics — Springfield

Springfield lacks sufficient demographic data for analysis.

Metric	Latest Census	YoY % Change
Population	2,920	N/A
% Under 18	1.0%	N/A
% Seniors	0.0%	N/A
% WFH	5.1%	N/A
% w/ College Degree	0.0%	N/A

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Springfield lacks sufficient race and ethnicity data for analysis.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	89.4%	N/A
% Black	5.4%	N/A
% Hispanic	1.3%	N/A
% Asian	1.3%	N/A
% Foreign Born	1.3%	N/A

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Mortgage and Risk — Springfield

According to HUD data as of 2023, there were 5 mortgage originations in Springfield, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 98.0%, with 60.0% above 90% LTV (very high). This implies large mortgage risk in Springfield. Investor activity is high, as 40.0% 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	5
% Conventional Loans	60.0%
% Government Loans	40.0%
% Investor Loans	40.0%
% Second Loans	0.0%
% Cash Out Refinance	0.0%

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Rentals and Section 8 — Springfield

Springfield lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

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

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$800
2 Bedroom	N/A	N/A	$1,010
3 Bedroom	N/A	N/A	$1,390
4 Bedroom	N/A	N/A	$1,560