Springfield, VA housing market
Typical home value
$695K
▲ 1.3% 1 yr
Typical rent
$3,052/mo
▲ 5.1% 1 yr
Gross rent yield
5.3%
U.S. 6.3%
5-year home value change
+17%
U.S. +20%
Key takeaways
- 1The typical home in Springfield is worth $694,634, up 1.3% over the past year and up 17% over five years.
- 2Typical rent is $3,052 a month (+5.1% YoY), a gross rent yield of 5.3% (above the Washington, DC metro's 5.1%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $3,817/mo, $765 more than typical rent.
- 4Zillow forecasts the Washington, DC metro's home values to change +0.6% over the next 12 months.
Market temperature (Washington, DC metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 39/100, #289 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Springfield compares
| Measure | Springfield | Washington, DC metro | United States |
|---|---|---|---|
| Typical home value | $694,634 | $569,857 | $366,157 |
| Home value, 1-yr change | +1.3% | +0.2% | +1.2% |
| Typical rent | $3,052 | $2,407 | $1,932 |
| Rent, 1-yr change | +5.1% | +1.3% | +2.7% |
| Gross rent yield | 5.3% | 5.1% | 6.3% |
| Price-to-rent ratio | 19.0 | 19.7 | 15.8 |
| Mortgage P&I, typical home | $3,817 | $3,132 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Springfield rental, pre-filled.
Rent vs buy in Springfield
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $695K home.
Other cities in the Washington, DC metro
Washington, DC
$567K home$2,484 rent
▼ 0.7% 1 yr
Silver Spring, MD
$536K home$1,969 rent
▼ 0.1% 1 yr
Arlington, VA
$802K home$2,680 rent
▲ 1.3% 1 yr
Woodbridge, VA
$497K home$2,174 rent
▲ 0.3% 1 yr
Alexandria, VA
$663K home$2,275 rent
▲ 1.0% 1 yr
Fredericksburg, VA
$479K home$2,061 rent
▲ 0.9% 1 yr
Fairfax, VA
$775K home$2,456 rent
▲ 1.4% 1 yr
Manassas, VA
$547K home$2,135 rent
▲ 0.8% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.