Housing in Springfield, TN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$325,000
Median List Price
$332,400
Price Per Sq Ft
$226
Days on Market
72
Active Inventory
90
Months of Supply
6.9
Buyer's market
Zillow Home Value
$323,296
ZHVI — January 2026
Zillow Rent Index
$1,619
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
15.4%
Off Market in 2 Weeks
8.3%
Sale-to-List Ratio
98.2%
Buyer's market
Market Activity
Source: RedfinHomes Sold
13
New Listings
24
Pending Sales
12
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$226
Median List $/SF
$230
Springfield vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Springfield is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$235,200
Median Rent
$1,107
Total Housing Units
7,344
Vacancy Rate
5.8%
Owner Occupied
56.4%
Renter Occupied
43.6%
Median Property Tax
$1,309
per year
Monthly Cost (w/ Mortgage)
$1,094
Housing Types
The current median sale price in Springfield, TN is $325,000 according to Redfin data. Homes spend a median of 72 days on the market. 15.4% of homes sold above asking price. The market has 6.9 months of supply. The median price per square foot is $226. Zillow's observed rent index is $1,619/month. About 56.4% of housing units are owner-occupied. The median year homes were built is 1985. There are 7,344 total housing units.