Housing in Springfield

A typical Springfield home is worth roughly $162,000

#21Cheapest rent in OH All OH rankings →

Typical home value

$162K

OH $249K

Estimate

2-bedroom rent

$970

a month, utilities in · HUD

Median tax bill

$1,541

OH $2,822

What kind of housing town is Springfield?

Read from the numbers below. The page puts what stands out first.

Rent is cheap#21 in OH for the cheapest rent.Your money goes further35% below the Ohio typical home.

★ What stands out · Renting

A two-bedroom rents for about $970

Renters already here pay a median of $654, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$740

1 bedroom$870

2 bedrooms$970

3 bedrooms$1,240

4 bedrooms$1,640

15%

of households rent · OH 33%

114

renter households

60%

of renters spend 30%+ of income on rent · OH 46%

19%

of the median income, for a two-bedroom

$654

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Gallia County, OH): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Affordability

A typical home costs 2.6 years of income

Less than across Ohio (3.5 years). Try your own numbers below.

You could afford about

$240,000

Typical Springfield home $162K

That covers a typical Springfield home, with $78K to spare.

The typical home, each month

$980

Loan $800Tax $130Insurance $50

A two-bedroom rents for about $970 a month here, $10 less than owning.

Where your budget reaches nearby

Green$152K Addison$121K Morgan$154K Raccoon$193K

How Springfield ranks on affordability →

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Springfield’s typical property tax (0.95% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

85% of Springfield households own their home

Half of Springfield’s homes were built before 1985.

Owners and renters

Own 85%Rent 15%

Ohio: 67% own.

1985

typical home built · OH 1970

$1,541

median property tax bill · OH $2,822

0.95%

of a home’s value, a year in tax · OH 1.31%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024.

Next door

Springfield vs. its neighbors

Springfield is the 2nd priciest of 5 neighboring towns. Tap one to see its housing page.

Raccoon$193K Springfield$162K Morgan$154K Green$152K Addison$121K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Springfield	$162K*	—	$970	$61,563
Green	$152K*	+7.1%†	$970	$60,089
Addison	$121K*	+7.1%†	$970	$65,023
Morgan	$154K*	—	$1,010	$62,000
Raccoon	$193K*	—	$1,000	$46,875

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Springfield buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Springfield still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.