What is the average rent for townhouses in Springfield?

Average monthly rent hovers around $1,850, supporting yields above 5%. Rates grow 4-5% yearly with low vacancy. This aligns with regional medians for similar properties.

How competitive is Springfield's housing market?

The market is somewhat competitive, with homes selling in 40-50 days and minor price negotiations. Inventory is rising, favoring buyers and investors. Sales volume grows slowly at 4% annually.

What drives rental demand in Springfield?

Demand stems from employment at major firms, University of Oregon commuters, and modest population inflow. Renter occupancy exceeds 40%. Limited new supply sustains rates.

Townhouse Investment Properties for Sale in Springfield, OR

Property at 957 Prescott Ln, Springfield, OR

2 Bed
2 Bath
1269 sft

957 Prescott Ln, Springfield, OR, 97477

Property at 2727 Gateway St APT 24, Springfield, OR

3 Bed
2 Bath
1382 sft

2727 Gateway St APT 24, Springfield, OR, 97477

Here are some other similar properties you might be interested in:

Property at 108 Whispering Willow Dr, Grants Pass, OR

2 Bed
2 Bath
1120 sft

108 Whispering Willow Dr, Grants Pass, OR, 97527

Property at 47521 School St, Oakridge, OR

1 Bed
1 Bath
672 sft

47521 School St, Oakridge, OR, 97463

Property at 610 Vaughan Ln #11, Lebanon, OR

3 Bed
2 Bath
1296 sft

610 Vaughan Ln #11, Lebanon, OR, 97355

Property at 3346 Sunnyview Rd NE UNIT 22, Salem, OR

3 Bed
2 Bath
1020 sft

3346 Sunnyview Rd NE UNIT 22, Salem, OR, 97301

Property at 1415 S Bertelsen Rd SPACE 88, Eugene, OR

3 Bed
2 Bath
1440 sft

1415 S Bertelsen Rd SPACE 88, Eugene, OR, 97402

Property at 277 Edwards Rd S UNIT 145, Monmouth, OR

2 Bed
2 Bath
938 sft

277 Edwards Rd S UNIT 145, Monmouth, OR, 97361

Property at 124 SE Country Side Ln, Winston, OR

3 Bed
2 Bath
1296 sft

124 SE Country Side Ln, Winston, OR, 97496

Property at 2241 Greensprings Dr UNIT 65, Klamath Falls, OR

3 Bed
2 Bath
1120 sft

2241 Greensprings Dr UNIT 65, Klamath Falls, OR, 97601

Property at 211 Ash St, Myrtle Point, OR

1 Bed
1 Bath
720 sft

211 Ash St, Myrtle Point, OR, 97458

Property at 2901 E 2nd St UNIT 77, Newberg, OR

2 Bed
2 Bath
1440 sft

2901 E 2nd St UNIT 77, Newberg, OR, 97132

Property at 1500 Gabriela Ct NE UNIT 27, Salem, OR

3 Bed
2 Bath
1596 sft

1500 Gabriela Ct NE UNIT 27, Salem, OR, 97301

2 Bed
1 Bath
1725 sft

815 E Ave, Powers, OR, 97466

Property at 1250 SE 13th Ave, Ontario, OR

2 Bed
1 Bath
700 sft

1250 SE 13th Ave, Ontario, OR, 97914

Property at 13620 SW Beef Bend Rd UNIT 16, Tigard, OR

4 Bed
2 Bath
1782 sft

13620 SW Beef Bend Rd UNIT 16, Tigard, OR, 97224

2 Bed
1 Bath
650 sft

555 1st St, Elkton, OR, 97436

Property at 1201 SW 28th St UNIT 4, Redmond, OR

2 Bed
2 Bath
924 sft

1201 SW 28th St UNIT 4, Redmond, OR, 97756

Property at 644 Raven Rd, Central Pt, OR

3 Bed
2 Bath
1296 sft

644 Raven Rd, Central Pt, OR, 97502

Property at 633 E Archwood Dr UNIT 131, Eagle Point, OR

3 Bed
2 Bath
1188 sft

633 E Archwood Dr UNIT 131, Eagle Point, OR, 97524

Property at 15765 Highway 101 #8, Brookings, OR

2 Bed
1 Bath
728 sft

15765 Highway 101 #8, Brookings, OR, 97415

2 Bed
1 Bath
900 sft

106 Iowa St, Eugene, OR, 97402

Property at 6100 S Highway 97 UNIT 40, Redmond, OR

2 Bed
2 Bath
924 sft

6100 S Highway 97 UNIT 40, Redmond, OR, 97756

Property at 591 SE Carrol St, Winston, OR

4 Bed
3 Bath
1782 sft

591 SE Carrol St, Winston, OR, 97496

Property at 591 SE Carroll St, Winston, OR

4 Bed
3 Bath
1782 sft

591 SE Carroll St, Winston, OR, 97496

Property at 1199 N Terry St SPACE 147, Eugene, OR

3 Bed
2 Bath
1404 sft

1199 N Terry St SPACE 147, Eugene, OR, 97402

Why Invest in Springfield, Oregon?

Townhouses in Springfield, OR offer stable investment opportunities in a balanced market with steady demand. Average rents support solid cash flow, while modest appreciation aligns with regional trends. Cap rates around 5-6% attract investors seeking reliable returns amid Oregon's growing economy. Renter occupancy remains high due to proximity to Eugene and local employment hubs. With inventory rising slightly, townhouses provide accessible entry for multifamily-style yields.

7.2%

Avg. ROI

5.8%

Rental Yield

5.5%

Cap Rate

$420/mo

Avg. Cash Flow

$1850/mo

Avg. Rent

2.1%

1Y Appreciation

Frequently Asked Questions

Yes, townhouses offer 5-6% cap rates and steady cash flow due to high renter demand from local jobs and students. Stable appreciation around 2% provides long-term growth. Proximity to Eugene enhances appeal for investors.

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Townhouse Investment Properties for Sale in Springfield, OR

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What is the average rent for townhouses in Springfield?

How competitive is Springfield's housing market?

What drives rental demand in Springfield?

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