Zip 45506 (Springfield, OH) Housing

The housing market in 45506 Springfield, OH is significantly more affordable than the national average. The median value of a home in 45506 Springfield is $84,000, compared to the US house median value of $338,100. The US experienced a one-year house appreciation rate of 8.27%, but the appreciation rate in 45506 Springfield was even higher at 14.31%. This suggests that there are great opportunities for potential buyers looking for an affordable home in this area.

The median home cost in Springfield (zip 45506) is $84,000. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Springfield (zip 45506) is up 13.5%.

Average Age of Homes

- The median age of Springfield (zip 45506) real estate is 72 years old

The Rental Market in Springfield (zip 45506)

- Renters make up 40.2% of the Springfield (zip 45506) population
- 1.5% of houses and apartments in Springfield (zip 45506), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Springfield, Ohio	United States
	6,496.0	139,647,020.0
	69	42
	$84,000	$338,100
	13.5%	16.6%
	57.2%	57.0%
	73.1%	101.1%
	$15.13	$10.98
	$1,230	$2,690
	50.9%	57.4%
	13.9%	11.2%
	35.2%	31.4%
Vacant Housing
	1.5%	1.9%
	1.1%	0.4%
	0.7%	0.7%
	0.3%	0.4%
	0.0%	3.6%
	10.2%	4.1%
Value of Owner-Occupied Housing
	3.5%	2.6%
	11.3%	2.4%
	17.2%	2.8%
	16.6%	3.9%
	15.4%	4.5%
	14.2%	11.3%
	11.1%	13.0%
	7.4%	20.1%
	1.3%	13.6%
	0.8%	8.3%
	1.2%	9.7%
	0.0%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.2%	13.6%
	5.2%	13.6%
	1.1%	13.6%
	1.8%	13.2%
	5.3%	14.8%
	1.1%	13.6%
	21.2%	10.0%
	7.2%	4.7%
	39.4%	12.2%

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