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Fixer Upper Homes in Springfield, TN

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Living in Springfield, TN

Springfield, located just north of Nashville, boasts a charming small-town atmosphere while providing access to urban conveniences. Known for its friendly community, Springfield offers a variety of outdoor activities and local events throughout the year. Residents can enjoy a vibrant downtown area filled with shops and restaurants, making it a delightful place to live or visit.

Current Market Conditions in Springfield, TN

The Springfield real estate market has shown a steady increase in demand over the past year, driven by an influx of buyers seeking affordable housing options outside of Nashville. With the ongoing urban developments and rising rental prices in the Nashville area, many are considering Springfield as a viable alternative. This has led to competitive bidding and increased home prices, making it a hot market for sellers.

Currently, the housing inventory remains low, which has contributed to a seller's market. Many homes are selling quickly, often above asking price. As new developments continue to emerge, market trends indicate an upward trajectory for property values in Springfield.

Home Value Estimator For Springfield, TN

There are currently 10,995 real estate properties in Springfield, TN, with a median automated valuation model (AVM) price of $300,450.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Springfield, TN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Springfield, TN, is $358,549.00, with the most expensive house in Springfield, TN, topping out at $5,687,545.00 and the cheapest home in Springfield, TN, clocking in at $11,290.00. In other words, there’s something for every potential homebuyer or savvy investor in Springfield, TN!

Rent Prices In Springfield, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Springfield, TN, is on a rollercoaster ride. The average rent price in Springfield, TN, is $1,281.00. Indeed, when looking to rent in Springfield, TN, you can expect to pay as little as $550.00 or as much as $2,460.00, with the average rent median estimated to be $1,230.00. The good news is that finding an affordable and desirable property to rent in Springfield, TN -- 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.

Springfield, TN Fixer Upper Homes

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