Springfield, SD housing market
The typical Springfield home is worth about $193,000, up 11.3% in a year, 40% below the South Dakota 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
Typical home value, 2019–2026
Show as a table
| January | Springfield | South Dakota |
|---|---|---|
| 2020 | $145,000 | $215,000 |
| 2021 | $163,000 | $235,000 |
| 2022 | $173,000 | $272,000 |
| 2023 | $185,000 | $297,000 |
| 2024 | $183,000 | $301,000 |
| 2025 | $177,000 | $312,000 |
| 2026 | $189,000 | $319,000 |
| August 2026 | $193,000 | $322,000 |
No new homes permitted in 2025
No permits for new homes were issued in Springfield in 2025. The last year with any was 2023 (2 new homes).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Springfield's population fell by 75 even though 1 new home was permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across South Dakota: 1.6 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 2 | 2 | 0 | $606,000 |
| 2022 | 1 | 1 | 0 | $100,000 |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 1 | 1 | 0 | $110,000 |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 1 | 1 | 0 | $100,000 |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 2 | 2 | 0 | $320,000 |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 3 | 0 | 3 | $225,000 |
| 2001 | 4 | 0 | 4 | $300,000 |
| 2000 | 3 | 3 | 0 | $277,000 |
Springfield's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
3.5 years of income
The typical Springfield home costs about 3.5 years of the town's median household income, less than across South Dakota (4.3 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $950
HUD's Fair Market Rent for a two-bedroom in Springfield is $950 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Springfield pay a median of $735, so moving in tends to cost more than staying put. A two-bedroom takes about 20% of the town's median household income.
Studio $650 · 4 bedrooms $1,590
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (57062; Bon Homme County, SD), 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. 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.