Springfield, MN Real Estate
According to census data in the year 2000 there were 969 housing units in Springfield.
This represents a 2.8% growth from 943 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 969 were located in what is classified as a rural area.
Homeownership rate in Springfield is about 84.2%.
Springfield's vacancy rate, including seasonal lodging, is about 7.4%.
Average household size is 2.33 people.
The majority of houses, apartments or condos in Springfield were built after 1951.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 11.50% |
| Two Bedrooms | 32.50% |
| Three Bedrooms | 35.20% |
| Four Bedrooms | 17.10% |
| Five Bedrooms or more | 3.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.41 |
| Median year structure was built | 1949 |
| Median Value of occupied units | $55,100 |
| Median Price asked for vacant units | $27,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.94 |
| Median year structure was built | 1958 |
| Median Monthly Rent asked for vacant units | $320 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.50% |
| Home Equity Loan | 3.50% |
| Simple Mortgage | 40.40% |
| Debt Free | 49.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.1% |
