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Springfield city, OH

ZIP 45504 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 45504

Median Home Value
$167,700
Median Rent
$684
Affordability Snapshot
$46,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,077/mo PITI).

12%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

20.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 45504 in Springfield city, OH, a household would need roughly $46,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,077. That sits below the local median household income ($67,334), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 10% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
74.1%+13% vs US avg
x
Vacancy Rate
10.2%-1% vs US avg
x
Broadband Access
87.3%+0% vs US avg
x
4+ Bedrooms
4.3%-71% vs US avg
x
Built Pre-1939
8.7%-32% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
15.6%-69% vs US avg
x
Mortgage-Free
35.7%-7% vs US avg
x
$167,700
Home Value
$684
Rent
1955
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached73.3%
  • 1-unit attached7.1%
  • 2-9 units12.3%
  • 10+ units2.3%
  • Mobile home & other5.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$167,700
Median rent$684
Owner-occupied74.1%
Vacant10.2%
Price-to-income2.5x
Est. income to buy$46,000