Springfield, Springfield, it's an affordable town
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SPRINGFIELD, Ore. - Springfield ranks as Oregon's most affordable city to live in, according to rankings compiled by Movoto.com.
"The cost of food, cost of utilities, and miscellaneous cost of living all rank No. 1 on our overall list. The median home price isn't half bad either and ranks No 10th at an average of $177,700," the website reports. "We'll admit, Springfield's adjusted income is low at $36,937, but with all the deals to be had that means that even without an intensely high-paying job you can still live happily and comfortably here."
Eugene came in at No. 5 with Coos Bay at No. 6.
Of the Top 10, only No. 8 Pendleton sits east of the Cascade mountains.
Nick Nelson, real estate broker, said the average median home price in the most recent quarter was around $257,000 for Eugene and $214,000 for Springfield. Homes in Springfield, currently, have a much higher appreciation rate, Nelson said.
Nelson said he's seeing a boost in families and individuals moving to Springfield. He said most people look to Eugene to start, but often find a home more affordable and suitable to what they want in Springfield.
Nelson said of his home buyers, about 60 to 65 percent of his clients have chosen Springfield.
Springfield City Manager Gino Grimaldi said people are also moving to Springfield because of its booming downtown, great school, parks and low crime rate.
A number of projects like EmX, the revitalization of downtown and improvement of safety are reasons why Springfield is becoming more enticing to families, Grimaldi said.