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

Springfield, TN has a median modeled monthly cash flow of $-867 and a median cap rate of 3.5%, on a median sold price of $333,900. Prices changed -1.4% year over year.

What is the average cap rate in Springfield, TN?

The median cap rate across recently sold homes in Springfield, TN is 3.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Springfield, TN?

The median sold price in Springfield, TN is $333,900 (about $219 per square foot).

Investing in Springfield, TN Real Estate

A data-driven snapshot of the Springfield, TN 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.

$333,900Median sold price

$219Median $/sqft

3.5%Median cap rate

$-867Modeled cash flow / mo

-1.4%Appreciation YoY

9.8Months of supply

322Active listings

393Sold (last 12 mo)

What the Springfield numbers say

In Springfield, TN, the median home sold for $333,900 (about $219 per square foot), and the typical deal models out to a 3.5% cap rate with a median $-867 of monthly cash flow. Sold prices moved -1.4% over the past year. Inventory sits at about 9.8 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Tennessee markets to compare

See Springfield cash-flowing listings

CashFlowRE ranks every for-sale home in Springfield, TN 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.