Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

North Springfield

Learn about the people, housing, costs and businesses in North Springfield, Virginia

Median Home$647,071
Median Rent$2,465/month
Population6,896
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services20% arts, food & hospitality
Home Value Growth⬆⬆+13.9% over 2 years
Retirees21% of residentsnear the national average
Homeowners86% of occupied units
NotableHigh Incomes$158k/year · top 3% nationally
NotableHighly Educated35% bachelor's · 16% graduate · top 3% nationally
North Springfield
VA

Explore North Springfield

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in North Springfield?

As of today, the 30-year fixed mortgage rate for North Springfield is approximately 6.816% (6.849% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for North Springfield
What is the median home price in North Springfield?

The median home value in North Springfield is $647k. The median monthly rent is $2,465. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in North Springfield?

Home values in North Springfield have increased 13.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in North Springfield?

Based on a typical all-in ownership cost of $2,369/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $102k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in North Springfield is $158k/year.

Calculate your buying power
What industries drive the economy in North Springfield?

The largest employment sectors in North Springfield are healthcare (22%) and arts, food, and hospitality (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.