MN area data
Springfield, MN
Springfield, MN.
Population: 3,105 (Census ACS)
Home values & appreciation
- Median home value
- $217,174
- 1-year appreciation
- +11.1%
- 3-year appreciation
- +25.8%
- 5-year appreciation
- +47.1%
- 10-year appreciation
- +100.9%
- All-time peak (2026-04)
- $217,476
- House Price Index
- 429.3 (+3.3% YoY)
Market activity
- Median sale price
- $155,000
- Median days on market
- 187 days
- Sale-to-list ratio
- 100.0%
- 1-year forecast
- +3.5%
Rents
- 2-bedroom fair-market rent (HUD reference)
- $1,176/mo
- 3BR fair-market rent
- $1,529/mo
Affordability
- Cost of living index (Below Average)
- 90.0 (100 = US avg)
- Electricity rate (state-level)
- 15.8¢/kWh
- Natural gas rate (state-level)
- $11.00/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Schools
- Total schools
- 2
- Elementary schools
- 1
- Middle schools
- 0
- High schools
- 1
Natural hazards & flood risk
- Overall hazard risk
- Relatively Low
- Top hazards
- coldWave, drought, strongWind, winterWeather
- FEMA flood zone
- AE
- Flood risk level
- High
Climate (30-year normals)
- Average annual temperature
- 48.0°F
- Average high
- 57.0°F
- Average low
- 39.0°F
- Annual precipitation
- 37.6 in
- Annual snowfall
- 41.7 in
Walkability & transit
- Walkability index
- 10.7 / 20
- Transit service frequency
- -99,999
Amenities
- Nearest airport
- Springfield Municipal Airport (1 mi)
- Nearest major airport
- Redwood Falls Municipal Airport (RWF) (22 mi)
- Hospitals nearby (~15 mi)
- 1
- Solar radiation rating
- Fair (3.9 kWh/m²/day)
Migration
- Net migration
- -59 tax filers
Housing stock
- Median year housing built
- 1,955
- Median annual property tax
- $1,552
- Mean commute to work
- 17 min
- Households with broadband internet
- 65.9%
Employment & development
- Total county employment
- 11,528
- Average weekly wage
- $1,039
- Top industries (by employment)
- Health Care, Accommodation & Food, Construction
- Annual residential building permits (county)
- 27
Area data compiled from public government, academic, and industry research feeds. Data sources →
Data last updated
Most recent source refresh: Aug 2026. See all data sources →