Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Springfield

Learn about the people, housing, costs and businesses in Springfield, Colorado

Median Home$128,900
Median Rent$606/month
Population1,427
Leading IndustriesPublic Administration · Construction · Agriculture & Mining32% public administration
Family-Friendly26% of residentsabove average nationally
Homeowners69% of occupied units
NotableTransit82/100 · excellent transit access
NotableAffordable Market$129k median home · lower cost than 81% of the country
Springfield
CO

Frequently Asked Questions

What are today's mortgage rates in Springfield?

As of today, the 30-year fixed mortgage rate for Springfield is approximately 6.972% (7.014% 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 Springfield
What is the median home price in Springfield?

The median home value in Springfield is $129k. The median monthly rent is $606. Annual property taxes average $542. Home values are based on U.S. Census Bureau American Community Survey estimates.

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

Based on a typical all-in ownership cost of $677/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Springfield is $47k/year.

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

The largest employment sectors in Springfield are public administration (32%) and wholesale trade (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.