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Springfield, PE

Updated: Aug 2016
House
Median price $169,350
Monthly growth 90.28 %
Quarterly trend
Stock on market 1.19%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Springfield Home Price

With Springfield’s median house price at $169,350 in Aug , it is about average compared to the rest of Prince Edward Island.

4 bedroom properties are the most common available for real estate investors this month in neighbourhood.

Across Prince Edward Island Springfield has the 63th most properties on offer with 218.

As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Springfield needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

Over the last three months in Springfield, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.

Prince Edward Island has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Springfield there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

Beds Median price (House) Median price (Apartment)
4 bedrooms $169,350
Demographics
  • Population in 2011825
  • Population in 2006847
  • 2006 to 2011 population change (%)-2.6
  • Total private dwellings335
  • Private dwellings occupied by usual residents301
  • Population density per square kilometre9.1
  • Land area (square km)90.83

Age Characteristics

Total population by age groups 825
0 to 4 years 55
5 to 9 years 45
10 to 14 years 65
15 to 19 years 45
15 years 10
16 years 10
17 years 10
18 years 10
19 years 5
20 to 24 years 55
25 to 29 years 45
30 to 34 years 45
35 to 39 years 65
40 to 44 years 65
45 to 49 years 65
50 to 54 years 65
55 to 59 years 60
60 to 64 years 50
65 to 69 years 45
70 to 74 years 25
75 to 79 years 10
80 to 84 years 15
85 years and over 5
Median age of the population 39.4
% of the population aged 15 and over 80.1

Marital Status

Total population 15 years and over by marital status 660
Married or living with a common-law partner 475
Married (and not separated) 425
Living common-law 50
Not married and not living with a common-law partner 185
Single (never legally married) 140
Separated 5
Divorced 15
Widowed 25

Family Characteristics

Total number of census families in private households 260
Size of census family: 2 persons 120
Size of census family: 3 persons 55
Size of census family: 4 persons 60
Size of census family: 5 or more persons 20
Total number of census families in private households 260
Total couple families by family structure and number of children 235
Married couples 210
Without children at home 90
With children at home 125
1 child 45
2 children 55
3 or more children 15
Common-law couples 20
Without children at home 15
With children at home 15
1 child 5
2 children 5
3 or more children 0
Total lone-parent families by sex of parent and number of children 20
Female parent 20
1 child 15
2 children 5
3 or more children 5
Male parent 0
1 child 0
2 children 0
3 or more children 0
Total children in census families in private households 265
Under six years of age 65
6 to 14 years 100
15 to 17 years 30
18 to 24 years 40
25 years and over 30
Average number of children at home per census family 1

Household And Dwelling Characteristics

Total number of persons in private households 825
Number of persons not in census families 60
Living with relatives 10
Living with non-relatives only 15
Living alone 35
Number of census family persons 765
Average number of persons per census family 2.9
Total number of persons 65 years and over in private households 95
Number of persons not in census families aged 65 years and over 15
Living with relatives 5
Living with non-relatives only 0
Living alone 15
Number of census family persons aged 65 years and over 80
Total number of private households by household type 300
Census-family households 250
One-family-only households 245
Couple-family households 225
Without children 100
With children 125
Lone-parent-family households 20
Other family households 10
One-family households with persons not in a census family 5
Couple-family households 5
Without children 5
With children 0
Lone-parent-family households 0
Two-or-more-family households 5
Non-census-family households 45
One-person households 35
Two-or-more-person households 10
Total number of occupied private dwellings by structural type of dwelling 300
Single-detached house 290
Apartment, building that has five or more storeys 0
Movable dwelling 15
Other dwelling 0
Semi-detached house 0
Row house 0
Apartment, duplex 0
Apartment, building that has fewer than five storeys 0
Other single-attached house 0
Total number of private households by household size 300
1 person 40
2 persons 120
3 persons 55
4 persons 60
5 persons 15
6 or more persons 5
Number of persons in private households 825
Average number of persons in private households 2.8

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