45502, Springfield, OH

Home Equity and Home Prices in Springfield, OH

The 45502 zip code of Springfield, Ohio has a median home value of $128,000. This is lower than the state median home value of $146,500. The Springfield area has seen a decrease in home values over the past few years. In 2016, the median home value was $130,000 while in 2017 it decreased to $127,500.

There are several factors that could be contributing to this decrease in home values including low interest rates and increasing demand for homes from retirees. Despite these challenges, there are still many homeowners who are benefiting from rising prices and strong equity levels in their homes.

If you are thinking about buying or selling a home in the Springfield area, it is important to consult with a real estate agent who can help you assess your specific situation and make sound recommendations based on current market conditions.