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Springfield, NJ

Full City Profile · New Jersey · Union County County

4.1 /5.0
A Great
1,338 Population 3,431/sq mi density
$177,045 Median Income $83,756 per capita
$580,900 Home Value $704,502 Zillow
$2,224 Median Rent 24.1% income on rent
55°F Avg Temperature 271 sunny days/yr
12 Violent Crime/100K 965 property/100K
A
Overall
4.1 / 5.0
Strong
A+
Economy
5.0 / 5.0
$177,045 median income, 1.0% unemployment
A+
Affordability
4.8 / 5.0
$580,900 home value, $2,224/mo rent
D
Safety
1.5 / 5.0
12 violent crimes/100K
A+
Education
5.0 / 5.0
66.3% bachelor's degree or higher

Housing Overview

Median Home Value
$580,900
106% above
US avg: $281,900
Median Rent
$2,224/mo
91% above
US avg: $1,163/mo
Homeownership Rate
79.1%
21% above US avg (65.4%)
Total Housing Units
603
Median year built: 1953

Home Value by Source

Census Median
$580,900
Zillow (ZHVI)
$704,502
Median Sale Price
$755,000
Median List Price
$624,500
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

79.1%
Owner-Occupied
20.9%
Renter-Occupied
79%
21%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Census median rent: $2,224/mo · Zillow rent: $2,431/mo

Market Indicators (Redfin)

Median Days on Market
19 days
Sale-to-List Ratio
1.1%
Buyers market
Homes Sold
8
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$362
Active Inventory
11
homes for sale

Affordability & Housing Stock

Rent Burden
24.1%
of renters spending 30%+ of income on housing
22% below US avg (31.0%)
Median Year Built
1953
Average age of housing stock: 73 years
Homeownership Rate
79.1%

Complete Housing Data

Home Values

Census Median Value$580,900
Zillow Home Value (ZHVI)$704,502
Median Sale Price$755,000
Median List Price$624,500
Price Per Sq Ft$362

Rent

Census Median Rent$2,224
Zillow Rent (ZORI)$2,431
FMR Studio$1,599
FMR 1-Bedroom$1,759
FMR 2-Bedroom$2,132
FMR 3-Bedroom$2,658
FMR 4-Bedroom$3,005

Market

Days on Market19
Sale-to-List Ratio1.1%
Price Drops0.0%
Homes Sold8
Active Inventory11
Price Per Sq Ft$362

Ownership & Stock

Owner-Occupied79.1%
Renter-Occupied20.9%
Homeownership Rate79.1%
Total Housing Units603
Median Year Built1953
Rent Burden24.1%