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Springfield city, OR

ZIP 97477 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97477

Median Home Value
$345,800
Median Rent
$1,049
Affordability Snapshot
$95,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,221/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.4x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

27.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 97477 in Springfield city, OR, a household would need roughly $95,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,221. That is about 49% above the local median household income ($63,574), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
52.3%-20% vs US avg
x
Vacancy Rate
2.4%-77% vs US avg
x
Broadband Access
92.2%+6% vs US avg
x
4+ Bedrooms
1.3%-91% vs US avg
x
Built Pre-1939
12.5%-2% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
22.8%-54% vs US avg
x
Mortgage-Free
34.5%-10% vs US avg
x
$345,800
Home Value
$1,049
Rent
1971
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached57.3%
  • 1-unit attached7.3%
  • 2-9 units17.3%
  • 10+ units12.5%
  • Mobile home & other5.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$345,800
Median rent$1,049
Owner-occupied52.3%
Vacant2.4%
Price-to-income5.4x
Est. income to buy$95,000