Housing in Springfield

A typical Springfield home is worth roughly $310,000

Home prices around Springfield have risen about 48% over the past 5 years.

Typical home value

$310K

▲ 1.8% in a year · OH $249K

Estimate

2-bedroom rent

$1,230

a month, utilities in · HUD

Median tax bill

$4,472

OH $2,822

What kind of housing town is Springfield?

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

A high tax rateAbout 1.72% of a home’s value a year, vs 1.31% across Ohio.Pricier than OH25% above the Ohio typical home.

★ What stands out · Affordability

A typical home costs 3.8 years of income

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

You could afford about

$283,000

Typical Springfield home $310K

That’s $27K short of a typical Springfield home.

The typical home, each month

$2,070

Loan $1,540Tax $440Insurance $90

A two-bedroom rents for about $1,230 a month here, $840 less than owning.

Where your budget reaches nearby

Monclova$449K Toledo$134K Spencer$225K Sylvania$324K Maumee$285K

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 (1.72% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Price trend

Home prices up 48% in 5 years

The federal house price index for the ZIP codes around Springfield rose 48% over the past 5 years, slower than across Ohio (53%). Last year prices rose 1.8%. Carrying the Census median home value forward with that index puts the typical Springfield home at roughly $310,000 today.

Springfield areaOhio

+1.8%

past year

+48%

past 5 years

+81%

past 10 years

Estimated value

Carrying the Census median forward with the index puts a typical home at about $310K.

How Springfield ranks on rising home prices →

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Springfield, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Renting

A two-bedroom rents for about $1,230

Renters already here pay a median of $1,032, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$880

1 bedroom$940

2 bedrooms$1,230

3 bedrooms$1,580

4 bedrooms$1,660

35%

of households rent · OH 33%

3,860

renter households

39%

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

18%

of the median income, for a two-bedroom

$1,032

median rent paid today · Census

How Springfield ranks on rent that’s easy to afford →

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Toledo, 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

65% of Springfield households own their home

Half of Springfield’s homes were built before 1985.

Owners and renters

Own 65%Rent 35%

Ohio: 67% own.

1985

typical home built · OH 1970

$4,472

median property tax bill · OH $2,822

1.72%

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 3rd priciest of 6 neighboring towns. Tap one to see its housing page.

Monclova$449K Sylvania$324K Springfield$310K Maumee$285K Spencer$225K Toledo$134K

Compare more

Town	Typical value	1-yr change	2-bed rent	New homes 2025	Median income
Springfield	$310K*	+1.8%†	$1,230	—	$80,694
Monclova	$449K	+1.8%	$1,160	—	$117,891
Toledo	$134K	+5.8%	$1,070	23	$49,724
Spencer	$225K*	+1.2%†	$1,150	—	$85,365
Sylvania	$324K	+3.3%	$1,200	—	$105,406
Maumee	$285K	+3.1%	$1,150	1	$80,833

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. Price trend: Federal Housing Finance Agency House Price Index. 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.