Springfield, MI Real Estate
According to census data in the year 2000 there were 2,364 housing units in Springfield.
This represents a 1.9% decline from 2,409 in 1990.
Of those housing units, 2,359 were located in either urbanized areas or urban clusters, and 5 were located in what is classified as a rural area.
Homeownership rate in Springfield is about 55.6%.
Springfield's vacancy rate, including seasonal lodging, is about 8.8%.
Average household size is 2.18 people.
The majority of houses, apartments or condos in Springfield were built after 1965.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4% |
| One Bedroom | 19.80% |
| Two Bedrooms | 36.70% |
| Three Bedrooms | 34.30% |
| Four Bedrooms | 3.80% |
| Five Bedrooms or more | 1.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.33 |
| Median year structure was built | 1957 |
| Median Value of occupied units | $61,000 |
| Median Price asked for vacant units | $50,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $405 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.90% |
| Home Equity Loan | 5.20% |
| Simple Mortgage | 49.60% |
| Debt Free | 42.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.9% |
