Housing in Springfield

A typical Springfield home is worth roughly $100,000

Typical home value

$100K

OH $249K

Estimate

2-bedroom rent

$1,040

a month, utilities in · HUD

Median tax bill

$977

OH $2,822

What kind of housing town is Springfield?

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

Your money goes further60% below the Ohio typical home.

★ What stands out · Affordability

A typical home costs 1.6 years of income

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

You could afford about

$235,000

Typical Springfield home $100K

That covers a typical Springfield home, with $135K to spare.

The typical home, each month

$610

Loan $500Tax $80Insurance $30

A two-bedroom rents for about $1,040 a month here, $430 more than owning.

Where your budget reaches nearby

Loudon$108K Ross$215K Amsterdam$136K German$88K Salem$168K Lee$171K Fox$190K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Springfield’s typical property tax (0.97% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $1,040

Renters already here pay a median of $695, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$780

1 bedroom$810

2 bedrooms$1,040

3 bedrooms$1,350

4 bedrooms$1,520

21%

of households rent · OH 33%

renter households

61%

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

20%

of the median income, for a two-bedroom

$695

median rent paid today · Census

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

The homes

79% of Springfield households own their home

Half of Springfield’s homes were built before 1957.

Owners and renters

Own 79%Rent 21%

Ohio: 67% own.

1957

typical home built · OH 1970

$977

median property tax bill · OH $2,822

0.97%

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 least expensive of 8 neighboring towns. Tap one to see its housing page.

Ross$215K Fox$190K Lee$171K Salem$168K Amsterdam$136K Loudon$108K Springfield$100K German$88K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Springfield	$100K*	—	$1,040	$61,406
Loudon	$108K*	—	$1,090	$57,727
Ross	$215K*	—	$1,060	$66,929
Amsterdam	$136K	+8.1%	$1,110	$47,813
German	$88K*	—	$1,140	$54,773
Salem	$168K*	—	$1,100	$70,288
Lee	$171K*	+15.8%†	$1,010	$54,219
Fox	$190K*	—	$1,030	$70,366

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.