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.

See the full metro analysis: Washington-Arlington-Alexandria, DC-VA-MD-WV stress score, crash risk, and 12-month forecast →

Home Value$690,613

-0.8%

Rent$2,788/mo

AFFORDABILITY

Enter your income for Springfield.

Income (annual)

Down Payment

$138,123 on $690,613

Out of reach — 65.6% 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$1629K McLean$1425K Waterford$1278K Dunn Loring$1188K Upperville$1141K Vienna$1132K Middleburg$1114K Aldie$1081K

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.

View Washington-Arlington-Alexandria, DC-VA-MD-WV metro →

SPRINGFIELD, VA