Springfield, Oakland County, MI Housing Trends, Rent, Price-to-Rent

Market Summary

Springfield, Oakland County, MI

Median Home Price Price

$400,845 $400.8K

Median Monthly Rent Rent

$1,387 $1.4K

GRM

24.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Springfield, MI is $1,387, with MoM change +$14 and YoY change +$95 pointing to positive momentum while volatility is low (std $23).

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Metric

Base market Springfield, MI

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Delta vs base

Median rent

$1,387

N/A

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Median price

$400,845

N/A

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YoY change

+$95

N/A

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Price-to-rent

24.1x

Data unavailable

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