The median home in Springfield, Tennessee is valued at $323,296, down 1.1% year over year. Typical monthly rent is $1,619, producing a price-to-rent ratio of 16.6x — near the national average of 18x. Springfield is part of the Nashville-Davidson--Murfreesboro--Franklin, TN metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Nashville-Davidson--Murfreesboro--Franklin, TN stress score, crash risk, and 12-month forecast →

Home Value$323,296

-1.1%

Rent$1,619/mo

AFFORDABILITY

Enter your income for Springfield.

Income (annual)

Down Payment

$64,659 on $323,296

Stretch — 31.9% of income

Above 28% but manageable with cuts.

PITI$1,993

P/I31.9%

Afford$284K

Gap-$39K

P&I $1,635Tax $191Ins $167

Renting $374/mo cheaper ($1,619 rent)6.50% 30yr, 20% down, county tax + TN ins. 28% per HUD.

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

Other cities in Tennessee

Compare Springfield with other housing markets across Tennessee.

Brentwood$1395K College Grove$1225K Arrington$1132K Lookout Mountain$977K Franklin$904K Nolensville$819K Thompsons Station$728K Eads$681K

Full Nashville-Davidson--Murfreesboro--Franklin, TN analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Nashville-Davidson--Murfreesboro--Franklin, TN metro.

View Nashville-Davidson--Murfreesboro--Franklin, TN metro →

SPRINGFIELD, TN