Springfield, MI
Full City Profile · Michigan · Calhoun County County
3.0
/5.0
B
Good
5,295
Population
1,459/sq mi density
$43,681
Median Income
$23,673 per capita
$105,300
Home Value
$148,747 Zillow
$851
Median Rent
25.0% income on rent
49°F
Avg Temperature
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
C
Economy
2.0 / 5.0
$43,681 median income, 10.9% unemployment
A+
Affordability
5.0 / 5.0
$105,300 home value, $851/mo rent
D
Education
1.9 / 5.0
10.9% bachelor's degree or higher
Housing Overview
Median Home Value
$105,300
63% below
US avg: $281,900
Median Rent
$851/mo
27% below
US avg: $1,163/mo
Homeownership Rate
56.5%
14% below US avg (65.4%)
Total Housing Units
2,469
Median year built: 1973
Home Value by Source
Census Median
$105,300
Zillow (ZHVI)
$148,747
Redfin Median Sale
$151,000
Median Sale Price
$151,000
Median List Price
$144,950
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
56.5%
Owner-Occupied
43.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$851/mo
Market Indicators (Redfin)
Median Sale Price
$151,000
Median Days on Market
47 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
2
Price Drops
57.1%
of listings with price reduction
Price Per Sq Ft
$97
Active Inventory
7
homes for sale
Affordability & Housing Stock
Rent Burden
25.0%
of renters spending 30%+ of income on housing
19% below US avg (31.0%)
Median Year Built
1973
Average age of housing stock: 53 years
Homeownership Rate
56.5%
Complete Housing Data
Home Values
| Census Median Value | $105,300 |
| Zillow Home Value (ZHVI) | $148,747 |
| Redfin Median Sale | $151,000 |
| Median Sale Price | $151,000 |
| Median List Price | $144,950 |
| Price Per Sq Ft | $97 |
Rent
| Census Median Rent | $851 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
| Days on Market | 47 |
| Sale-to-List Ratio | 0.9% |
| Price Drops | 57.1% |
| Homes Sold | 2 |
| Active Inventory | 7 |
| Price Per Sq Ft | $97 |
Ownership & Stock
| Owner-Occupied | 56.5% |
| Renter-Occupied | 43.5% |
| Homeownership Rate | 56.5% |
| Total Housing Units | 2,469 |
| Median Year Built | 1973 |
| Rent Burden | 25.0% |