The story of this market
The typical home in Springfield (CDP), Virginia sells for about $684,160, or $325 per square foot.
Prices are up +5.3% from a year ago, so sellers still have some momentum. Homes take about 29 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,643 a month.
Monthly price momentum
Home values since 2015
+2.6%
VA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Springfield (CDP), Virginia
Springfield's housing market remains highly competitive, driven by strong demand from commuters and families attracted to the area's high-quality schools and transit access. Prices have shown consistent year-over-year growth, supported by low inventory levels and a robust local economy. The market is currently characterized by quick sales and stable, high-value transactions.
No ARED county foreclosure postings attributed to Springfield (CDP) yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 4 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 2.0% year over year.
Homes spend a median of 22 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0.11% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 5.5% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A large regional park featuring a lake, trails, and recreational facilities that serves as a primary green space for the community.
A major regional shopping destination offering a wide array of retail, dining, and entertainment options for the surrounding area.
Springfield is an ideal fit for families and commuters who prioritize access to the D.C. metro area while seeking suburban amenities. The area's strong school system and proximity to major employment hubs make it a stable choice for long-term homeowners and professionals.
Schools serving Springfield are part of the Fairfax County Public Schools system, which is widely recognized for high academic standards and robust extracurricular offerings. The area benefits from proximity to top-tier public education, contributing to strong demand for family-oriented housing.
Springfield is highly accessible via major corridors including I-95, I-495, and the Fairfax County Parkway. The area is well-served by the Springfield-Franconia Metro station, facilitating efficient transit to the D.C. core.
Springfield offers a diverse amenity base, anchored by Lake Accotink Park, which provides extensive trails, boating, and green space for residents. The area also features significant retail and dining options, particularly around the Springfield Town Center, serving as a regional destination.
The rental market in Springfield is characterized by high demand and limited vacancy, driven by its strategic location for commuters. Rents have trended upward, reflecting the broader Northern Virginia housing pressure and the area's desirability for professionals.
The local economy is heavily influenced by the federal government, defense contracting, and the broader Northern Virginia professional services sector. Major employers include nearby military installations and corporate headquarters, providing a stable employment base.
Springfield serves as a key transit and commercial hub in Northern Virginia, benefiting from its proximity to the Pentagon, Fort Belvoir, and the D.C. employment core. Ongoing infrastructure improvements and transit-oriented development continue to bolster the local economy.
Development efforts are focused on transit-oriented projects and the revitalization of existing commercial centers to increase density and walkability. These initiatives aim to modernize the area's infrastructure to support continued population growth.
Parcels in Springfield are subject to Fairfax County tax levies and utility service districts, with no independent municipal-level special districts.
Springfield generally experiences crime rates consistent with suburban Fairfax County, which remains lower than many urban centers in the region. Local law enforcement maintains a consistent presence, and community-focused policing is the standard approach.
The area is subject to standard regional risks, including potential for localized flooding near water bodies like Lake Accotink and typical mid-Atlantic weather patterns. Insurance markets remain stable, though homeowners are encouraged to maintain standard hazard coverage.
Property insurance markets in the area are stable, with premiums reflecting standard regional risk profiles for suburban Northern Virginia.
Property taxes are assessed by Fairfax County based on fair market value, with rates applied uniformly across the jurisdiction. Residents are subject to standard Virginia state income tax and local county levies, with no specific municipal-level tax structure unique to the CDP.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from US Census Bureau ACS 5-year estimates.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.