Springfield Metro Area, OH Housing

The housing market in Springfield, OH Metro Area is a great opportunity for potential buyers and investors. The median value of homes in the area is $160,600 which is significantly lower than the national median value of $338,100. Over the last year, home appreciation in Springfield has been 13.50%, much higher than the national appreciation rate of 8.27%. This makes Springfield an attractive place to invest because home values are increasing quickly but remain affordable compared to other parts of the country.

The median home cost in Springfield Metro Area is $160,600. Home appreciation the last 10 years has been 73.7%. Home Appreciation in Springfield Metro Area is up 13.4%.

Average Age of Homes

- The median age of Springfield Metro Area real estate is 57 years old

The Rental Market in Springfield Metro Area

- Renters make up 30.5% of the Springfield Metro Area population
- 1.2% of houses and apartments in Springfield Metro Area, 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
	61,034.0	139,647,020.0
	58	42
	$160,600	$338,100
	13.4%	16.6%
	56.5%	57.0%
	73.7%	101.1%
	$13.90	$10.98
	$1,771	$2,690
	61.5%	57.4%
	9.7%	11.2%
	28.8%	31.4%
Vacant Housing
	1.2%	1.9%
	0.8%	0.4%
	0.6%	0.7%
	0.2%	0.4%
	0.1%	3.6%
	6.8%	4.1%
Value of Owner-Occupied Housing
	4.7%	2.6%
	4.0%	2.4%
	5.8%	2.8%
	9.8%	3.9%
	11.9%	4.5%
	24.6%	11.3%
	17.3%	13.0%
	13.9%	20.1%
	4.7%	13.6%
	1.5%	8.3%
	1.1%	9.7%
	0.3%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.4%	13.6%
	5.4%	13.6%
	8.7%	13.6%
	7.1%	13.2%
	15.2%	14.8%
	8.7%	13.6%
	15.2%	10.0%
	6.0%	4.7%
	24.8%	12.2%

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