Springfield, Florida.
Typical home $215,050 (+0.1% in a year), asking rent $1,362 . Panama City, FL metro.
to buy the typical home at today's mortgage rate — +$688 (+156%) since Jan 2020.
- 1 year
- Up $309 +0%
- $214,740$215,050 since Sep 2025
- 5 years
- Up $38,212 +22%
- $176,837$215,050 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Springfield$1,129
- Florida$1,970
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 18 years.
Typical home values in Springfield, FL rose 0.1% over the past year — slower than the nation's +1.2%.
Living in Springfield, Bay County, Florida
Springfield is a city of 8,075 people in Bay County. Half its households earn more than $54,462 a year and half less, against $73,533 across Bay County; 22% of its people live below the poverty line. 62% of its homes are lived in by their owners and 38% are rented. Unemployment in Bay County was 4.4% in August 2026, and the county had 0.7% more jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Springfield is a small city in Bay County, Florida, with a median age a little older than the national average. Incomes run well below the county's, and more residents live below the poverty line than is typical. Most homes are lived in by their owners, and fewer adults hold a four-year degree than in most places. Winters are mild and cool rather than cold, and summers are hot.
Work. Residents work mostly in schools, hospitals and social care, in shops, in professional and business services, and in restaurants, hotels and entertainment. Among the largest workplaces in Springfield are Pettibone Concrete Construction, a limestone quarrying business, Kenny Strange Electric and Service Company, and Florida Detroit Diesel Allison. Unemployment across Bay County has edged up slightly over the past year, while the number of jobs has grown a little.
Things to do. St. Andrews State Park, a protected area, and Econfina Creek, a river, are both a short drive away and suit a day outdoors. Miracle Strip Amusement Park is a longer drive away, as is Camp Helen State Park, another protected area.
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- 3,522households
- 16%of adults have a degree
- 22%below the poverty line
- 23 mintypical commute
- 7%work from home
What residents work in
Employed residents by industry, from the Census survey. Bay County had 83,251 jobs in 2025, 0.7% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 63° and lows near 45°; warmest in July, with highs near 90° and lows near 76°.
Average daily high and low, 1991–2020, at the Panama City Bay County Airport weather station, 6 miles away (NOAA).
Largest workplaces in Springfield
- Pettibone Concrete ConstructionCrushed and broken limestone mining and quarrying40
- Kenny Strange Electric and Service CompanyFire alarm system, electric, installation only28
- Florida Detroit Diesel AllisonRefinery machinery and equipment merchant wholesalers21
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 3 workplaces with 20 or more staff, 89 people in all. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- HurricanesVery high
- LightningVery high
- TornadoesRelatively high
- Cold wavesRelatively moderate
- Heat wavesRelatively moderate
- Strong windRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Springfield’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Bay County and the Panama City, FL metro.
Springfield home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Springfield$215,050
- Florida$375,361
- United States$366,157
Sellers are cutting prices on about 1 in 3 Springfield listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Springfield29.66%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Springfield38
New listings per month
Sellers arriving at the market.
- Springfield7
Zip codes with a Springfield address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Springfield — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zillow publishes no zip-level series with this city on the address.