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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 Type0.60%
One Bedroom11.50%
Two Bedrooms32.50%
Three Bedrooms35.20%
Four Bedrooms17.10%
Five Bedrooms or more3.10%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.41
Median year structure was built1949
Median Value of occupied units$55,100
Median Price asked for vacant units$27,500

Rented Homes, Apartments and Condos

Average Household Size1.94
Median year structure was built1958
Median Monthly Rent asked for vacant units$320

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.50%
Home Equity Loan3.50%
Simple Mortgage40.40%
Debt Free49.60%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.1%