Springfield, OR
Rental property insurance for Springfield landlords
What Springfield landlords should know before insuring a rental. A quote is not a binder.
Census estimates put Springfield's renter-occupied share at 45%, or roughly 11,345 of 25,210 occupied homes. Compared with 37% across Oregon, that is above average, and it tells you a lot about the local rental stock owners are insuring.
Springfield at a glance for landlords
| Measure | Springfield | Oregon |
|---|---|---|
| Renter-occupied homes | 45% (11,345) | 37% |
| Median owner-occupied home value | $358,700 | $477,600 |
| Median gross rent | $1,258/mo | $1,525/mo |
| Median year structure built | 1976 | 1981 |
| Homes in 2–4 unit buildings | 12% | 7% |
| Single-family homes (detached or attached) | 65% | 68% |
Data: Census ACS 5-year estimates for 2020–2024 via Census Reporter, and Census Vintage 2024 population estimates.
Dwelling limits for Springfield landlords
Springfield's median home value, roughly $358,700, gives a rough sense of what rentals here are worth; the state median is $477,600. For insurance, ask for a replacement-cost estimate on your specific building.
If your rental is insured somewhere around Springfield's median, the closest NAIC benchmark is the $350,000–$399,999 band, where the 2023 Oregon dwelling-fire average was $971. The all-amounts state figure was $886.
Protecting rental income in Springfield
Median gross rent in Springfield is about $1,258 a month. A year of lost rent at that level is roughly $15,096 per unit, a useful yardstick when you choose fair rental value coverage.
Construction era of Springfield rentals
Housing in Springfield is middle-aged, with a median year built of 1976. Expect questions about the electrical panel brand, water heater age, and roof replacement dates.
What Springfield landlords typically own
Small multi-family buildings are a real part of Springfield's housing at roughly 12% of units. If you own a duplex, triplex, or fourplex here, read our guide to 2–4 unit buildings.
Comparing Springfield to neighboring cities
Eugene has a renter share of 52% with homes valued around $460,400 at the median. For comparison, Portland comes in at 48% rented and $581,500 median value, with median rent of $1,655. Nearby Salem reports 44% renter households and a $416,900 median home value, so proportionally fewer renters than Springfield. By renter share, Springfield is number 6 on our list of 20 Oregon cities. Manufactured and mobile homes make up about 8% of Springfield's housing, and many dwelling programs underwrite those separately. Buildings with five or more units hold about 15% of Springfield's homes; those generally need commercial apartment coverage rather than dwelling forms.
Natural hazards Springfield landlords plan for
Oregon landlords generally plan around heavy rain and water intrusion during winter storms, ice storms and winter wind in the valleys, and late-summer wildfire, especially in southern and eastern Oregon. Those exposures apply in Springfield as much as anywhere in the state, so confirm deductibles and exclusions before you bind.
Hazard themes reflect FEMA’s National Risk Index and NOAA’s Storm Events Database; check the index for your specific county.
What to have ready for a Springfield quote
- Liability limit and months of rent to protect
- Property location in Springfield and unit count
- Construction year plus the age of the roof
- How it is occupied today, including any vacancy or short-term use
- Any system updates, with years
- Prior carrier, expiration date, and five-year loss history
- Lender name for the mortgagee clause
Request a Springfield landlord quote
Questions from Springfield rental owners
How many renters live in Springfield?
About 45% of occupied homes in Springfield, roughly 11,345 households, are renter-occupied according to the 2020–2024 American Community Survey.
Do Springfield landlords have to carry insurance?
No Oregon law mandates it for Springfield owners, though lenders, HOAs, and property managers commonly require it.
How much does landlord insurance cost in Springfield?
It depends on the building, coverage, and deductible. For background, the NAIC reported a 2023 Oregon dwelling-fire average of $886; see our Oregon page for the full table.
Other Oregon cities
Landlord insurance in Oregon · Cost by state
Last updated October 15, 2026. Sources and method: how we research.