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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Springfield, VA Housing Affordability Index

Springfield, Virginia has an MBR Housing Affordability Index score of 78.3 (Moderately Less Affordable) as of October 30, 2026, ranking 332nd most affordable of 344 scored Virginia cities, compared with 94.8 statewide and 97.4 nationally. On a median-priced $640,300 home with 20% down, the Virginia average 30-year fixed rate of 7.33% means a monthly principal and interest payment of about $3,523, or 34% of the city’s $125,999 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Springfield is updated every night from live Virginia mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Springfield MBR-HAI 78.3 Moderately Less Affordable
Rank in Virginia 332 of 344 1 = most affordable
Virginia 94.8 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.33% Virginia lenders
Median home value $640,300 U.S. Census Bureau

Springfield is 16.5 points below the Virginia score. Scores as of October 30, 2026. See the Virginia index

View Springfield Mortgage Rates

What It Takes to Buy in Springfield

$3,523/mo
Principal & Interest
Median home, 20% down, 7.33%
$151,000
Income Needed
To keep the payment at 28% of income
$125,999
Median Household Income
Virginia: $93,170
5.1x
Price-to-Income Ratio
Virginia: 4.1x
$2,546/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$6,414/yr
Median Property Tax
1.00% of median value
34.6%
Owner Cost Burden
Owners spending 30%+ of income on housing
57.9%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Springfield, Virginia. The rate is the Virginia average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Springfield Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Springfield, Virginia score: 78.3 (Moderately Less Affordable), ranked 332 of 344 Virginia cities. monitorbankrates.com/housing-affordability-index/virginia/springfield”