Springfield Fair Market Rent 2026
HUD Fair Market Rent data for the Springfield metropolitan area. Median household income: $37,539/year. Vacancy rate: 8%.
2BR FMR
$720/mo
Median Income
$37,539
Vacancy Rate
8%
Rent Burden
23.0%
Fair Market Rent by Bedroom Size
Affordability Analysis
Based on the 30% rule, a household earning the median income of $37,539/year can afford up to $938/mo in rent.
The 2BR FMR of $720/mo represents 23.0% of median income, which is within the 30% affordability threshold.
Rental Market Conditions
The vacancy rate of 8% in Springfield indicates a loose rental market. Higher vacancy gives renters more options and potential leverage on pricing.
Frequently Asked Questions
What is the average rent in Springfield?
The 2026 HUD FMR for a 2-bedroom in the Springfield metro area is $720/month. 1BR: $583, 3BR: $925.
What is the vacancy rate in Springfield?
The rental vacancy rate in Springfield is 8%. A rate below 5% typically indicates a tight rental market.
Is Springfield affordable for renters?
With a median income of $37,539 and 2BR rent at $720/mo, rent takes about 23% of income in Springfield.
Compare with Other Metro Areas
San Jose-Sunnyvale-Santa Clara
2BR: $2,412/mo
New York-Newark-Jersey City
2BR: $2,293/mo
San Francisco-Oakland-Berkeley
2BR: $2,200/mo
Honolulu
2BR: $1,937/mo
Los Angeles-Long Beach-Anaheim
2BR: $1,888/mo
San Diego-Chula Vista-Carlsbad
2BR: $1,856/mo
Oxnard-Thousand Oaks-Ventura
2BR: $1,761/mo
Santa Cruz-Watsonville
2BR: $1,760/mo
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