Springfield, OR 97477 - Real Estate Investment Insights & Performance Data

Welcome to our 97477 real estate data hub, tailored for investors in Springfield, OR. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 97477 in Springfield, OR. Discover Section 8 housing opportunities and challenges to maximize your investment potential in LANE COUNTY.

Leverage our comprehensive, zip code-specific data to excel in Springfield, OR real estate investing. Uncover the wealth of information available, and position yourself for success in the Springfield property market.

• Location Overview

  • Zip Code: 97477
  • City: Springfield
  • State: OR
  • Metro Area: Eugene-Springfield, OR
  • County Name: LANE COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $382,148
  • Average Home Price (Single Family Homes): $384,886
  • Average Monthly Rental Price (All Types): $1,501
  • Price-to-Rent Ratio: 21
  • Zillow Projected % appreciation from 4/2023-4/2024: 0.4%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,270
  • Average 3 Bedroom Section 8 Rental Rates: $1,800
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 25.08
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 17.69
  • Number of Units Offered in Section 8 in the County: 1626
  • Number of Occupied Units in Section 8 in the County: 1549
  • Percentage of Section 8 Units Occupied in the County: 95.30000305%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 481.25
  • Total % Appreciation since 2000 (Government Data): 205.44
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.11%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 0.98%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 27.08%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 47.44%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 129.99%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 68.91%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 157.85%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 2.53%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%