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West Springfield

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

Median Home$604,640
Median Rent$2,723/month
Population22,532
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services21% healthcare
Home Value Growth⬆⬆+16.3% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners85% of occupied units
NotableHigh Incomes$162k/year · top 3% nationally
NotableHighly Educated34% bachelor's · 21% graduate · top 4% nationally
West Springfield
VA

Explore West Springfield

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

Frequently Asked Questions

What are today's mortgage rates in West Springfield?

As of today, the 30-year fixed mortgage rate for West Springfield is approximately 6.828% (6.862% 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 West Springfield?

The median home value in West Springfield is $605k. The median monthly rent is $2,723. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in West Springfield?

Home values in West Springfield have increased 16.3% 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.

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

Based on a typical all-in ownership cost of $2,533/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $109k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in West Springfield is $162k/year.

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What industries drive the economy in West Springfield?

The largest employment sectors in West Springfield are healthcare (21%) and public administration (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.