Springfield, MI housing market
The typical Springfield home is worth about $149,000, up 8.1% in a year, 44% below the Michigan typical home.
Home values, sales, trends and how Springfield compares with the towns next door — updated as new data is published.
Springfield at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Springfield | Michigan |
|---|---|---|
| 2017 | $53,000 | $144,000 |
| 2018 | $64,000 | $155,000 |
| 2019 | $68,000 | $165,000 |
| 2020 | $78,000 | $175,000 |
| 2021 | $85,000 | $194,000 |
| 2022 | $104,000 | $217,000 |
| 2023 | $105,000 | $230,000 |
| 2024 | $115,000 | $241,000 |
| 2025 | $132,000 | $253,000 |
| 2026 | $141,000 | $262,000 |
| August 2026 | $149,000 | $266,000 |
3.3 years of income
The typical Springfield home costs about 3.3 years of the town's median household income, less than across Michigan (3.7 years).
How Springfield ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
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. Listings link to their publishers.