Springfield, TN Real Estate
According to census data in the year 2000 there were 5,778 housing units in Springfield.
This represents a 27.5% growth from 4,530 in 1990.
Of those housing units, 5,299 were located in either urbanized areas or urban clusters, and 479 were located in what is classified as a rural area.
Homeownership rate in Springfield is about 57.8%.
Springfield's vacancy rate, including seasonal lodging, is about 6.7%.
Average household size is 2.55 people.
The majority of houses, apartments or condos in Springfield were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 11.90% |
| Two Bedrooms | 32.30% |
| Three Bedrooms | 41.30% |
| Four Bedrooms | 11.90% |
| Five Bedrooms or more | 1.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.56 |
| Median year structure was built | 1976 |
| Median Value of occupied units | $90,400 |
| Median Price asked for vacant units | $84,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.54 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $272 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 12% |
| Home Equity Loan | 5.20% |
| Simple Mortgage | 50.30% |
| Debt Free | 32.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.7% |
