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Springfield, PA Properties

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Find, analyze, and compare Springfield, PA investment properties, including off-market opportunities and residential homes with value-add potential. Springfield offers a diverse housing market with single-family homes, and vacant properties. Investors can explore potential investment opportunities for long-term rentals (LTRs) throughout Pennsylvania. Explore housing market trends in Springfield, where up-and-coming neighborhoods may offer potential for passive rental income and other investment strategies. Property Intel by Whitepages makes it easy to analyze market trends, uncover off-market properties, compare neighborhood benchmarks, and access owner contact information to help you find the best investment properties in Springfield, PA for your real estate goals.

In Springfield, the median property value currently stands at $426,239, reflecting a 3.88% year-over-year increase based on recent sales. The 5-year appreciation forecast estimates values reaching $646,722 (a 0.01% gain). The housing market includes a total of 9,042 houses.The median home in Springfield has 1,783 square feet of living space, priced at a median of $240 per square foot with a median year built of 1951. For long-term rental properties in Springfield, the median annual gross rental income is $25,800 (or $2,150/month) with estimated operating expenses of $14,467, resulting in an approximate gross cap rate of 2.62%.

Property Intel by Whitepages helps investors and homeowners explore the Springfield area by offering market analysis tools, neighborhood benchmarks, owner contact information, and interactive maps. These tools support research into investment properties, including foreclosure data and off-market listings in Springfield, PA.

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Housing Market Trends & Statistics for Springfield, Pennsylvania

Median Property Value
$426,239
Total number of Properties
9,042
Median Living Space
1,783 sq ft
Median Year Built
1951 (74 years)
5-Year Appreciation Forecast
$646,722
Median Lot Size
9,148 sq ft
Average Ownership
1 year 3 months
for Springfield, PA
  • Est. Rental Income
    $25,800 ($2,150 per month)
  • Net Operating Income
    $11,333 ($944 per month)
  • Cap Rate
    2.62%

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