Safe Rate Local
Learn about the people, housing, costs and businesses in Springfield
Real local data across mortgage, insurance, natural hazard, and place.
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Springfield.
True all-in cost — P&I, taxes, insurance & utilities for homes in Springfield.
Find and compare lenders active near Springfield.
FEMA flood zones and flood insurance estimates for Springfield.
Seismic risk and earthquake insurance estimates for Springfield.
Wildfire exposure and insurance estimates for Springfield.
Mortgage rates for Springfield are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.
View current rates for SpringfieldThe median home value in Springfield is $166k. The median monthly rent is $932. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Springfield have increased 19.3% 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.
Based on a typical all-in ownership cost of $954/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Springfield is $68k/year.
Calculate your buying powerThe largest employment sectors in Springfield are public administration (23%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.