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

Springfield, VA has a median modeled monthly cash flow of $-1,831 and a median cap rate of 3.1%, on a median sold price of $680,000. Prices changed +0.3% year over year.

What is the average cap rate in Springfield, VA?

The median cap rate across recently sold homes in Springfield, VA is 3.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Springfield, VA?

The median sold price in Springfield, VA is $680,000 (about $343 per square foot).

Investing in Springfield, VA Real Estate

A data-driven snapshot of the Springfield, VA 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.

$680,000Median sold price

$343Median $/sqft

3.1%Median cap rate

$-1,831Modeled cash flow / mo

+0.3%Appreciation YoY

4.7Months of supply

76Active listings

195Sold (last 12 mo)

What the Springfield numbers say

In Springfield, VA, the median home sold for $680,000 (about $343 per square foot), and the typical deal models out to a 3.1% cap rate with a median $-1,831 of monthly cash flow. Sold prices moved +0.3% over the past year. Inventory sits at about 4.7 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Virginia markets to compare

See Springfield cash-flowing listings

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