Market Overview
Home Prices in Springfield Township, NJ
The median home value in Springfield Township, NJ is $546,521 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.2% compared to a year ago and up 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Springfield Township are priced33% above average. Springfield Township is part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro area.
Over the past five years, Springfield Township home values have risen by approximately32.2%, reflecting strong long-term appreciation in this market.
Price History
Springfield Township Home Price Trend
City Comparison
Springfield Township vs. National Median
At $546,521, homes in Springfield Township cost 33% above the national median of $410,000. Buyers in Springfield Township should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Springfield Township?
20% Down Payment
$109,304
on $546,521
Monthly P&I
$2,850/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,620/mo
incl. taxes & insurance
Income Needed
$144,800
gross annual (30% rule)
10% Down Option
$54,652
+ PMI applies
Loan Amount (20% dn)
$437,217
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Springfield Township, NJ?
The median home value in Springfield Township is $546,521 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.2% year-over-year.
How much have home prices changed in Springfield Township?
Over the past year, home values in Springfield Township have increased by 3.2%. Over five years, prices have risen approximately 32.2%.
How much do I need to earn to buy a home in Springfield Township?
To comfortably afford the median home price of $546,521 with a 20% down payment ($109,304) at today's rates (6.8%), you'd need a gross annual income of approximately $144,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Springfield Township compare to the national average home price?
The national median home value is approximately $410,000. At $546,521, homes in Springfield Township are 33% above the national average.
What metro area is Springfield Township part of?
Springfield Township is part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metropolitan area. Home prices and market conditions can vary across the broader metro region.