Zip 45505 (Springfield, OH) Housing

Housing in 45505 Springfield, OH is much more affordable than the US median value of $338,100. The median value in 45505 Springfield, OH is $89,800 - almost one-fourth of the national average. In the past year, house appreciation in 45505 Springfield, OH has been 14.31%, more than double the US median appreciation rate of 8.27%. This indicates a healthy and growing housing market in the area - ideal for those looking to buy or invest in property there.

The median home cost in Springfield (zip 45505) is $89,800. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Springfield (zip 45505) is up 13.5%.

Average Age of Homes

- The median age of Springfield (zip 45505) real estate is 67 years old

The Rental Market in Springfield (zip 45505)

- Renters make up 40.8% of the Springfield (zip 45505) population
- 2.0% of houses and apartments in Springfield (zip 45505), 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
	9,368.0	139,647,020.0
	74	42
	$89,800	$338,100
	13.5%	16.6%
	57.2%	57.0%
	73.1%	101.1%
	$14.84	$10.98
	$1,098	$2,690
	42.1%	57.4%
	15.0%	11.2%
	42.9%	31.4%
Vacant Housing
	2.0%	1.9%
	1.2%	0.4%
	0.5%	0.7%
	0.3%	0.4%
	0.1%	3.6%
	10.9%	4.1%
Value of Owner-Occupied Housing
	6.7%	2.6%
	8.5%	2.4%
	15.3%	2.8%
	29.3%	3.9%
	11.9%	4.5%
	12.1%	11.3%
	7.6%	13.0%
	6.7%	20.1%
	1.0%	13.6%
	0.1%	8.3%
	0.8%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.2%	13.6%
	3.2%	13.6%
	2.4%	13.6%
	2.4%	13.2%
	7.9%	14.8%
	2.4%	13.6%
	17.2%	10.0%
	10.7%	4.7%
	42.2%	12.2%

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