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Springfield Center

Learn about the people, housing, costs and businesses in Springfield Center, New York

Median Home$195,500
Median Rent$792/month
Population266
Leading IndustriesWholesale Trade · Public Administration13% wholesale trade
Home Value Growth⬆⬆+16.2% over 2 years
Retirees26% of residentsabove average nationally
Homeowners88% of occupied units
Springfield Center
NY

Explore Springfield Center

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

Frequently Asked Questions

What are today's mortgage rates in Springfield Center?

As of today, the 30-year fixed mortgage rate for Springfield Center is approximately 6.881% (6.917% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Springfield Center?

The median home value in Springfield Center is $196k. The median monthly rent is $792. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Springfield Center?

Home values in Springfield Center have increased 16.2% 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 Springfield Center?

Based on a typical all-in ownership cost of $1,047/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Springfield Center is $75k/year.

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What industries drive the economy in Springfield Center?

The largest employment sectors in Springfield Center are public administration (29%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.