Market Summary

Springfield, Fairfax County, VA

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Median Home Price Price

$689,186 $689.2K

Median Monthly Rent Rent

$3,043 $3K

GRM

19.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within Fairfax County

Region Price Rent GRM Display
Annandale
$734,227 $2,427 25.0x
Burke
$711,898 $3,193 19.0x
Rose Hill
$690,639 $1,092 53.0x
Chantilly
$800,208 $2,762 24.0x
Reston
$622,047 $2,822 18.0x
Centreville
$612,530 $2,824 18.0x
Alexandria
$656,503 $2,565 21.0x
Lorton
$639,643 $2,966 18.0x
Fort Belvoir
$782,079 $3,869 17.0x
Mount Vernon
$574,865 $2,159 22.0x
Herndon
$718,780 $2,804 21.0x
Lincolnia
$688,022 $2,215 26.0x
Fairfax
$765,711 $2,777 23.0x
Falls Church
$756,346 $2,647 24.0x

Home prices

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Monthly rent

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GRM

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Similar markets within VA outside of Fairfax County

Region Price Rent GRM Display
Sterling, Loudoun County, VA
$619,933 $2,754 19.0x
Ashburn, Loudoun County, VA
$793,347 $2,902 23.0x
Chesterfield, Chesterfield County, VA
$396,700 $2,781 12.0x
Arlington, Arlington County, VA
$793,332 $2,947 22.0x

Home prices

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Monthly rent

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GRM

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Similar markets outside of VA

Region Price Rent GRM Display
Camarillo, Ventura County, CA
$894,253 $2,994 25.0x
Crownsville, Anne Arundel County, MD
$646,579 $2,994 18.0x
Malden, Middlesex County, MA
$648,840 $2,709 20.0x
Mc Farland, Kern County, CA
$301,590 $1,391 18.0x
Curtice, Lucas County, OH
$193,122 $1,046 15.0x
Brea, Orange County, CA
$1,096,695 $2,901 31.0x
Inola, Rogers County, OK
$259,359 $1,185 18.0x
East Rockaway, Nassau County, NY
$711,780 $3,026 20.0x
Mill Creek, Snohomish County, WA
$955,818 $2,871 28.0x
Milton, Pierce County, WA
$552,686 $2,605 18.0x
Bryans Road, Charles County, MD
$421,427 $3,038 12.0x
Cambridge, Middlesex County, MA
$1,000,399 $3,249 26.0x
Woodlawn, Montgomery County, TN
$303,986 $1,414 18.0x
West Islip, Suffolk County, NY
$709,138 $3,371 17.0x
Woodlyn, Delaware County, PA
$284,166 $1,510 16.0x
Dracut, Middlesex County, MA
$551,021 $2,303 20.0x
Templeton, San Luis Obispo County, CA
$906,949 $3,102 24.0x
Gold Bar, Snohomish County, WA
$456,181 $2,158 18.0x
Dunkirk, Calvert County, MD
$617,344 $3,263 16.0x
Wasco, Kern County, CA
$312,892 $1,363 19.0x
Millis, Norfolk County, MA
$676,448 $2,103 27.0x
Rancho Mission Viejo, Orange County, CA
$1,190,060 $2,748 36.0x
Burlington, Skagit County, WA
$521,464 $2,050 21.0x
Clover Creek, Pierce County, WA
$515,174 $2,223 19.0x
Franklin, Norfolk County, MA
$672,875 $2,362 24.0x
Lancaster, Worcester County, MA
$586,108 $2,928 17.0x
Parkland, Pierce County, WA
$455,553 $2,229 17.0x

Home prices

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Monthly rent

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GRM

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Springfield

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Trend Insights

Median Rent in Springfield, VA is $3,043, with MoM change +$21 and YoY change +$117 pointing to positive momentum while volatility is low (std $24).

Benchmark Markets Side by Side

Search a market to benchmark rent, price, YoY, and price-to-rent against Springfield, VA.

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Metric
Base market Springfield, VA
Compare market Select a market
Delta vs base
Median rent
$3,043
N/A
—
Median price
$689,186
N/A
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YoY change
+$117
N/A
—
Price-to-rent
18.9x
Data unavailable
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