Median home value: $696K (+3.4% YoY). Rent: $2,570/mo. Price-to-rent: 22.6x. Part of New York-Newark-Jersey City, NY-NJ-PA.
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Basic Zillow data only. For stress scores, AI analysis, and trends, New York-Newark-Jersey City, NY-NJ-PA metro page.
Home Value$696,198
+3.4%
Rent$2,570/mo
AFFORDABILITYRenting $2,319/mo cheaper ($2,570 rent)6.00% 30yr, 20% down, county tax + NJ ins. 28% per HUD.
Enter your income for Springfield.
$139,240 on $696,198
Out of reach — 78.2% of income
Need $209,529/yr to afford.
PITI$4,889
P/I78.2%
Afford$249K
Gap-$447K
P&I $3,339Tax $1,433Ins $117
Home Buying Kit For Dummies (2025)Financing, negotiation, closing