The median home in Springfield, Virginia is valued at $690,613, down 0.8% year over year. Typical monthly rent is $2,788, producing a price-to-rent ratio of 20.6x — well above the national average of 18x. Springfield is part of the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$690,613

-0.8%

Rent$2,788/mo

Prices falling — better for buyers.

Affordability

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Income (annual)

Down Payment

$138,123 on $690,613

Example: $75,000 household income. Change it above to see your own.

Out of reach65.6% of income

Need $175,586/yr to afford.

PITI$4,097

P/I65.6%

Afford$295K

Gap-$396K

P&I $3,492Tax $472Ins $133

Renting $1,309/mo cheaper ($2,788 rent)6.50% 30yr, 20% down, county tax + VA ins. 28% per HUD.

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

Other cities in Virginia

Compare Springfield with other housing markets across Virginia.

Great Falls$1.63M McLean$1.42M Waterford$1.28M Dunn Loring$1.19M Upperville$1.14M Vienna$1.13M Middleburg$1.11M Aldie$1.08M

Full Washington-Arlington-Alexandria, DC-VA-MD-WV analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Washington-Arlington-Alexandria, DC-VA-MD-WV metro.

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Springfield, VA