Total monthly cost of ownership
Cost to Own a Home in Springfield, Michigan
A $105,000 home here costs
$1,069per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $540. The real number is $529 higher every month — 98% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Springfield against Calhoun County and Michigan
| Measure | Springfield | Calhoun County |
|---|---|---|
| Median home value | $105,300 | $151,500 |
| Median property tax | $1,644 | $2,269 |
| Effective tax rate | 1.561% | 1.498% |
| Median gross rent | $851 | $937 |
| Population | 5,295 | 133,846 |
The weather behind that power bill
Springfield sits in Calhoun County, which averages a high of 83.0°F in its hottest month and a low of 17.3°F in its coldest, with 31.52" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 715 cooling and 6,409 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Calhoun County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Calhoun County
Full Calhoun County cost breakdown · Every county in Michigan
Common questions
How much does it cost to own a home in Springfield?
A $105,000 home in Springfield, Michigan costs approximately $1,069 per month with 20% down at 6.66%. That is $540 principal and interest, $137 property tax, $39 homeowners insurance, $266 utilities and $88 set aside for maintenance.
What is the property tax rate in Springfield?
Springfield has an effective property tax rate of 1.561%, based on a median home value of $105,300 and median real estate taxes of $1,644. That is higher than the Calhoun County average of 1.498%.
What is the average home price in Springfield?
The median owner-occupied home value in Springfield, Michigan is $105,300, against $151,500 across Calhoun County.
Is it cheaper to rent or buy in Springfield?
Median gross rent in Springfield is $851 a month, against $1,069 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Springfield — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Michigan.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.