Springfield: Housing & Real Estate
Homes in Springfield carry a median value of $640,300 (estimated market value runs 7% higher at $684,342), with median rent $2,656 (1.2× higher than Fairfax County median $2,276; 1.7× higher than Virginia median $1,579). Homeownership rate: 66.0%. That's 1.1× below the Fairfax County median ($732,800); 1.7× higher than the Virginia median ($383,700). Market is stable. Vacancy rate 3.7%. New construction makes up 1.4% of stock. 6 nursing facilities on file. A municipal building code is in effect.
- 5.1× annual income — home value vs. household income (vs Virginia 4.1×).
- 20.1 years to break even renting at the median (vs Virginia 19y).
- 4-BR rent is 1.7× a studio — rent gradient by unit size.
- Median rent runs 18% above HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $640,300 — 1.7× the Virginia median ($382,500). Median rent $2,656/month. homeownership rate 66.0% — near the U.S. share of ~65%.
| Affordability · Home Price To Income | 5.1× |
|---|---|
| Affordability · Home Affordability | expensive |
| Affordability · Rent Pct Income | 25.2% |
| Affordability · Rent Affordability | moderate |
| Affordability · Pct Severely Rent Burdened | 54.6% |
| Affordability · Poverty Rate | 8.9% |
| Affordability · Property Tax Pct Income | 5.1% |
| Fair Market Rent · Studio rent | $1,953 (vs Virginia $1,492) |
| Fair Market Rent · One-bedroom rent | $2,015 (vs Virginia $1,512) |
| Fair Market Rent · Two-bedroom rent | $2,246 (vs Virginia $1,713) |
| Fair Market Rent · Three-bedroom rent | $2,835 (vs Virginia $2,376) |
| Fair Market Rent · Four-bedroom rent | $3,332 (vs Virginia $2,797) |
| Fair Market Rent · HUD FMR area | Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $684,342 |
| Median Home Value | $640,300 (vs Virginia $382,500) |
| Median Rent | $2,656 (vs Virginia $1,714) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | stable |
|---|---|
| Housing Market · Vacancy rate | 3.7% |
| Housing Market · New construction (% of stock) | 1.4% |
| Housing Market · Price Appreciation 2Yr | 2.9% |
| Housing Orgs · Total count | 3 |
Sources: IRS BMF NTEE L
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (5)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Virginia median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Virginia median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Virginia median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 50.2% (at Virginia median) |
| Broadband · Broadband-capable premises | 10,814 |
| Electricity · Electricity rate (¢/kWh) | 14.41¢/kWh |
| Electricity · Customers | 3654481 |
| Electricity · Revenue Millions | $6,524 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 1.000000000 (at Virginia median) |
| Mobile Broadband · 5G mobile coverage | 1.000000000 (at Virginia median) |
| Mobile Home Parks Detail · County total | 1 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Charging & Mobility
| Ev Charging · Stations | 23 |
|---|---|
| Ev Charging · Public Stations | 19 |
| Ev Charging · L2 Ports | 88 |
| Ev Charging · Dc Fast Ports | 31 |
Sources: DOE AFDC API
Other
| Homeownership Rate | 66.0% (vs Virginia 64.4%) |
|---|---|
| Median Year Built | 1975 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12