Zip 45503 (Springfield, OH) Housing

The housing market in 45503 Springfield, OH is booming! The median value of housing in the area is $154,400, significantly lower than the US median value of $338,100. However, while the nationwide house appreciation rate over the past year was 8.27%, Springfield's house appreciation rate was 14.31%. This increase in value makes it a great time to invest in property in this area.

The median home cost in Springfield (zip 45503) is $154,400. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Springfield (zip 45503) is up 13.5%.

Average Age of Homes

- The median age of Springfield (zip 45503) real estate is 52 years old

The Rental Market in Springfield (zip 45503)

- Renters make up 34.6% of the Springfield (zip 45503) population
- 1.2% of houses and apartments in Springfield (zip 45503), 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
	15,557.0	139,647,020.0
	53	42
	$154,400	$338,100
	13.5%	16.6%
	57.2%	57.0%
	73.1%	101.1%
	$13.64	$10.98
	$1,696	$2,690
	54.7%	57.4%
	9.2%	11.2%
	36.1%	31.4%
Vacant Housing
	1.2%	1.9%
	0.9%	0.4%
	0.9%	0.7%
	0.0%	0.4%
	0.1%	3.6%
	6.1%	4.1%
Value of Owner-Occupied Housing
	1.8%	2.6%
	2.8%	2.4%
	5.3%	2.8%
	9.5%	3.9%
	13.2%	4.5%
	37.9%	11.3%
	17.1%	13.0%
	8.8%	20.1%
	2.1%	13.6%
	0.6%	8.3%
	0.4%	9.7%
	0.4%	3.9%
	0.2%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.6%	13.6%
	5.6%	13.6%
	10.6%	13.6%
	9.2%	13.2%
	20.1%	14.8%
	10.6%	13.6%
	13.5%	10.0%
	3.7%	4.7%
	20.6%	12.2%

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