Zip 45502 (Springfield, OH) Housing

Housing in 45502 Springfield, OH is quite affordable compared to the US median value, with the median value being $254,700 compared to $338,100 for the US. Additionally, housing appreciation in 45502 Springfield has seen an increase of 14.31%, outpacing the 8.27% appreciation rate of the US as a whole. Therefore, 45502 Springfield is a great place to invest in real estate due to its lower cost and higher appreciation rate.

The median home cost in Springfield (zip 45502) is $254,700. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Springfield (zip 45502) is up 13.5%.

Average Age of Homes

- The median age of Springfield (zip 45502) real estate is 42 years old

The Rental Market in Springfield (zip 45502)

- Renters make up 13.5% of the Springfield (zip 45502) population
- 0.4% of houses and apartments in Springfield (zip 45502), 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
	7,285.0	139,647,020.0
	45	42
	$254,700	$338,100
	13.5%	16.6%
	57.2%	57.0%
	73.1%	101.1%
	$15.10	$10.98
	$2,705	$2,690
	83.4%	57.4%
	5.5%	11.2%
	11.2%	31.4%
Vacant Housing
	0.4%	1.9%
	0.2%	0.4%
	0.2%	0.7%
	0.3%	0.4%
	0.0%	3.6%
	4.5%	4.1%
Value of Owner-Occupied Housing
	4.4%	2.6%
	0.9%	2.4%
	0.5%	2.8%
	1.8%	3.9%
	4.4%	4.5%
	15.2%	11.3%
	30.9%	13.0%
	27.6%	20.1%
	10.1%	13.6%
	2.1%	8.3%
	1.2%	9.7%
	0.7%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	10.8%	13.6%
	10.8%	13.6%
	17.4%	13.6%
	9.2%	13.2%
	21.5%	14.8%
	17.4%	13.6%
	10.5%	10.0%
	2.9%	4.7%
	14.0%	12.2%

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