Springfield, FL housing market
The typical Springfield home is worth about $218,000, about the same as a year ago, 42% below the Florida typical home. Homes typically sell in 37 days, below asking.
Home values, sales, trends and how Springfield compares with the towns next door — updated as new data is published.
Springfield at a glance
A balanced market
About 5.9 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Springfield | Florida |
|---|---|---|
| 2017 | $109,000 | $209,000 |
| 2018 | $120,000 | $226,000 |
| 2019 | $130,000 | $242,000 |
| 2020 | $122,000 | $253,000 |
| 2021 | $162,000 | $276,000 |
| 2022 | $184,000 | $340,000 |
| 2023 | $213,000 | $392,000 |
| 2024 | $226,000 | $402,000 |
| 2025 | $224,000 | $397,000 |
| 2026 | $213,000 | $377,000 |
| August 2026 | $218,000 | $376,000 |
10 new homes permitted in 2025
Builders were permitted 10 new homes in Springfield in 2025, all single-family houses, worth about $2.3 million to build. That's 1.2 per 1,000 residents, slower than across Florida (8.3). Over the past 10 years, Springfield has permitted 98 homes in all.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 8 | 8 | 0 | $1.8 million |
| 2025 | 10 | 10 | 0 | $2.3 million |
| 2024 | 10 | 10 | 0 | $2.3 million |
| 2023 | 12 | 12 | 0 | $2.7 million |
| 2022 | 9 | 9 | 0 | $2 million |
| 2021 | 13 | 13 | 0 | $2.9 million |
| 2020 | 11 | 11 | 0 | $2.5 million |
| 2019 | 9 | 9 | 0 | $2 million |
| 2018 | 9 | 9 | 0 | $2 million |
| 2017 | 8 | 8 | 0 | $1.8 million |
| 2016 | 7 | 7 | 0 | $1.6 million |
| 2015 | 12 | 12 | 0 | $2.1 million |
| 2014 | 2 | 2 | 0 | $203,000 |
| 2013 | 1 | 1 | 0 | $102,000 |
Springfield's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
How Springfield ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Springfield and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Springfield | $218K | 0% | $1,560 | 10 | $54,462 |
| Cedar Grove | — | +2%† | $1,650 | — | $74,625 |
| Callaway | $266K | +0.6% | $1,600 | 133 | $65,609 |
| Panama City | $284K | +1.3% | $1,590 | 257 | $62,265 |
| Parker | $239K | +2.9% | $1,600 | 0 | $69,657 |
† FHFA price index change, where Zillow has no home value for the town.
4 years of income
The typical Springfield home costs about 4 years of the town's median household income, less than across Florida (5 years).
How Springfield ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,560
HUD's Fair Market Rent for a two-bedroom in Springfield is $1,560 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Springfield pay a median of $1,307, so moving in tends to cost more than staying put. A two-bedroom takes about 34% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,330 · 4 bedrooms $2,550
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (32401, 32404, 32405; Panama City, FL HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.