Springfield, IN housing market
Home prices around Springfield have risen about 58% over the past 5 years.
Home values, sales, trends and how Springfield compares with the towns next door — updated as new data is published.
Home prices up 58% in 5 years
The federal house price index for the ZIP codes around Springfield rose 58% over the past 5 years, faster than across Indiana (53%). Last year prices rose 2.4%.
Show as a table
| Year | Change that year | Since 2000 | Indiana since 2000 |
|---|---|---|---|
| 2025 | +2.4% | +130% | +126% |
| 2024 | +9.8% | +124% | +117% |
| 2023 | +7.6% | +104% | +106% |
| 2022 | +12% | +90% | +90% |
| 2021 | +16% | +69% | +65% |
| 2020 | +0.8% | +46% | +48% |
| 2019 | +5% | +44% | +42% |
| 2018 | +9% | +37% | +34% |
| 2017 | +1.8% | +26% | +26% |
| 2016 | +8.1% | +24% | +20% |
| 2015 | +5% | +15% | +16% |
| 2014 | 0% | +9.1% | +13% |
| 2013 | +0.5% | +9.1% | +10% |
| 2012 | −2.8% | +8.6% | +9% |
| 2011 | −0.5% | +12% | +9.6% |
| 2010 | −3% | +12% | +12% |
| 2009 | −4.7% | +16% | +14% |
| 2008 | −0.2% | +21% | +17% |
| 2007 | −0.8% | +22% | +18% |
| 2006 | +0.9% | +23% | +16% |
| 2005 | +8% | +22% | +14% |
| 2004 | +3.8% | +13% | +10% |
| 2003 | +2.8% | +8.4% | +7.8% |
| 2002 | +1.9% | +5.4% | +6.3% |
| 2001 | +3.4% | +3.4% | +4.3% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 46761, 46746, 46771, covering 72% of Springfield’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Springfield and its neighbors
| Town | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|
| Springfield | +2.4%† | $970 | $61,734 |
| Bloomfield | +2.4%† | $960 | $62,315 |
| Jackson | +8%† | $1,010 | $67,250 |
| Milford | −1.5%† | $1,010 | $90,833 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $970
HUD's Fair Market Rent for a two-bedroom in Springfield is $970 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $730 · 4 bedrooms $1,280
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (46746, 46761, 46771; LaGrange County, IN), 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. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.