The median home in Springfield, New Jersey is valued at $696,198, up 3.4% year over year. Typical monthly rent is $2,570, producing a price-to-rent ratio of 22.6x — well above the national average of 18x. Springfield is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: New York-Newark-Jersey City, NY-NJ-PA stress score, crash risk, and 12-month forecast →

Home Value$696,198

+3.4%

Rent$2,570/mo

AFFORDABILITY

Enter your income for Springfield.

Income (annual)

Down Payment

$139,240 on $696,198

Out of reach — 81.1% of income

Need $217,286/yr to afford.

PITI$5,070

P/I81.1%

Afford$240K

Gap-$456K

P&I $3,520Tax $1,433Ins $117

Renting $2,500/mo cheaper ($2,570 rent)6.50% 30yr, 20% down, county tax + NJ ins. 28% per HUD.

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

Other cities in New Jersey

Compare Springfield with other housing markets across New Jersey.

Deal$4213K Alpine$2955K Loch Arbour$2880K Avalon$2630K Stone Harbor$2477K Bay Head$2362K Sea Girt$2305K Short Hills$2258K

Full New York-Newark-Jersey City, NY-NJ-PA analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the New York-Newark-Jersey City, NY-NJ-PA metro.

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SPRINGFIELD, NJ