Is Springfield, OR a good place to invest in rental property?

Springfield, OR has a median modeled monthly cash flow of $-1,170 and a median cap rate of 3.0%, on a median sold price of $425,000. Prices changed +2.2% year over year.

What is the average cap rate in Springfield, OR?

The median cap rate across recently sold homes in Springfield, OR is 3.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Springfield, OR?

The median sold price in Springfield, OR is $425,000 (about $284 per square foot).

Investing in Springfield, OR Real Estate

A data-driven snapshot of the Springfield, OR rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$425,000Median sold price

$284Median $/sqft

3.0%Median cap rate

$-1,170Modeled cash flow / mo

+2.2%Appreciation YoY

5.1Months of supply

393Active listings

926Sold (last 12 mo)

What the Springfield numbers say

In Springfield, OR, the median home sold for $425,000 (about $284 per square foot), and the typical deal models out to a 3.0% cap rate with a median $-1,170 of monthly cash flow. Sold prices moved +2.2% over the past year. Inventory sits at about 5.1 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Oregon markets to compare

See Springfield cash-flowing listings

CashFlowRE ranks every for-sale home in Springfield, OR by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Springfield deals, or browse the national market data.