SPRINGFIELD HOUSING MARKET INFORMATION With a population of 19,494, 6,920 total housing units (homes and apartments), and a median house value of $304,756, Springfield real estate and house prices are near the national average for all cities and towns. Single-family detached homes are the single most common housing type in Springfield, accounting for 72.40% of the city's housing units. Other types of housing that are prevalent in Springfield include large apartment complexes or high rise apartments ( 11.82%), duplexes, homes converted to apartments or other small apartment buildings ( 8.76%), and a few mobile homes or trailers ( 4.98%). The most prevalent building size and type in Springfield are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.14% owning and 45.86% renting. There is a lot of housing in Springfield built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Springfield built between 2000 and later ( 34.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.47%). There's also some housing in Springfield built before 1939 ( 6.86%). SPRINGFIELD HOME APPRECIATION RATES In the last 10 years, Springfield has experienced some of the highest home appreciation rates of any community in the nation. Springfield real estate appreciated 129.70% over the last ten years, which is an average annual home appreciation rate of 8.67%, putting Springfield in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Springfield definitely has a track record of being one of the best long term real estate investments in America through the last ten years. Over the last year, Springfield appreciation rates have trailed the rest of the nation. In the last twelve months, Springfield's appreciation rate has been 5.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, 蘑菇视频's data show that house appreciation rates in Springfield were at 1.25%, which equates to an annual appreciation rate of 5.08%. Relative to Tennessee, our data show that Springfield's latest annual appreciation rate is lower than 80% of the other cities and towns in Tennessee. One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Springfield differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Springfield - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Springfield real estate investment or home purchase decisions.