The median home in Springfield, Minnesota is valued at $200,975, up 12.2% year over year. Springfield is part of the New Ulm, MN metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: New Ulm, MN stress score, crash risk, and 12-month forecast →

Home Value$200,975

+12.2%

AFFORDABILITY

Enter your income for Springfield.

Income (annual)

Down Payment

$40,195 on $200,975

Affordable — 21.7% of income

Under the 28% guideline.

PITI$1,354

P/I21.7%

Afford$260K

Room+$59K

P&I $1,016Tax $188Ins $150

6.50% 30yr, 20% down, county tax + MN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Minnesota

Compare Springfield with other housing markets across Minnesota.

Minnetonka Beach$2220K Woodland$1619K Greenwood$1602K Sunfish Lake$1156K Orono$1084K Medicine Lake$1082K Tonka Bay$1059K Deephaven$1018K

Full New Ulm, MN analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the New Ulm, MN metro.

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SPRINGFIELD, MN