Foreclosure Homes in Springfield, MN 56087

Buyer vs Seller Market in Springfield, MN

The real estate market in Springfield has experienced steady growth, with a slight increase in home prices over the past six months as demand rises for affordable housing in rural areas. Properties remain relatively affordable compared to larger cities, making this location attractive for new buyers and investors alike.

As remote working trends continue, more individuals are seeking homes in smaller towns like Springfield, which offers peace and quiet while still providing essential amenities. This trend is likely to sustain the local real estate market in the coming months.

Rent Prices In Springfield, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Springfield, MN, is on a rollercoaster ride. The average rent price in Springfield, MN, is $1,163.00. Indeed, when looking to rent in Springfield, MN, you can expect to pay as little as $550.00 or as much as $2,420.00, with the average rent median estimated to be $1,100.00. The good news is that finding an affordable and desirable property to rent in Springfield, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.