Springfield, NE—68059
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Springfield, NE
As of Oct '25, the median home price in Springfield, NE is $441,000, with a year-over-year change of 2.4%. This indicates that home prices in Springfield, NE 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 | $441,000 | 2.4% |
| Single Family | $441,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $394,000 | 2.9% |
3 Bed | $386,000 | 2.1% |
4 Bed | $551,000 | 3.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Springfield, NE
Springfield, NE lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,870 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,450 | $1,450 |
| 3 Bed Rent | $2,300 | $2,300 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Springfield, NE
As of Oct '25, Realtor.com reports that the median days on market for a home in Springfield, NE is 63. This is a decrease of -17.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $486,000 | -38.0% |
Listing Count | 18 | 2.0% |
| Listings as % of Homes | 0.7% | 2.0% |
Days on Market | 63 | -17.0% |
Demographics — Springfield, NE
As of the latest ACS Survey released in 2023, Springfield, NE has a population of 3,350, which has increased by 11.8% over the past 5 years. Springfield, NE is a moderately popular place for families, as children make up 24.9% of the population. The area has a moderately educated workforce, with 31.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,350 | 11.8% |
% Under 18 | 24.9% | 30.4% |
% Seniors | 22.6% | 8.1% |
% WFH | 15.9% | 178.9% |
% w/ College Degree | 31.4% | -4.3% |
As of the latest ACS Survey released in 2023, Springfield, NE is a predominantly white area, with 92.6% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Springfield, NE is hispanic, making up 2.5% of the population. Foreign-born residents account for 0.7% of the population in Springfield, NE, and this percentage has decreased by 36.4% 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 | 92.6% | -4.4% |
% Black | 0.7% | 40.0% |
% Hispanic | 2.5% | 78.6% |
% Asian | 0.7% | 250.0% |
% Foreign Born | 0.7% | -36.4% |
Mortgage and Risk — Springfield, NE
According to HUD data as of 2023, there were 87 mortgage originations in Springfield, NE, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Springfield, NE. Investor activity is low, as 0.0% 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 | 87 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Springfield, NE
Springfield, NE 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 | $1,110 |
| 2 Bedroom | -$120 | $1,450 | $1,330 |
| 3 Bedroom | -$530 | $2,300 | $1,770 |
| 4 Bedroom | N/A | N/A | $1,970 |
Affordability — Springfield, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $441,000 |
| Median Household Income | $97,200 |