Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Springfield area can be challenging. Home prices in Springfield are now at a median cost of $115,816, lower than the Ohio average of $181,280.
The average cost of rent is $830/mo in Springfield, primarily driven by the current value of real estate in the Springfield area. While nearly 40.47% of residents own their homes outright in Springfield, 37.93% rent.
Housing affordability isn’t just about home prices, though. The average household income in Springfield is $4,430 per month. Households that rent pay about 18.73% of their income on rent here. Springfield's most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Sunnyland, OH: higher priced homes
- Villa, OH: higher priced homes
- Tremont City, OH: higher priced homes
- Snyderville, OH: higher priced homes
- Hustead, OH: higher priced homes
- Pitchin, OH: higher priced homes
- North Hampton, OH: higher priced homes
- Donnelsville, OH: higher priced homes
- Enon, OH: higher priced homes
- Terre Haute, OH: higher priced homes
Cities with Similar Populations
- Medford, OR: higher priced homes
- Moreno Valley, CA: higher priced homes
- Mission Viejo, CA: higher priced homes
- Mission, TX: equally priced homes
- Meridian, ID: higher priced homes
- Middletown, OH: higher priced homes
- Miramar, FL: higher priced homes
- Mechanicsburg, PA: higher priced homes
- Minneapolis, MN: higher priced homes
- Lilburn, GA: higher priced homes
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