Zip Code:

45503, Springfield, OH

45503 is a Ohio Zip code within the city of Springfield and the county of Clark County. Its population is roughly 32,599.

The Real Estate Market in Springfield, Ohio

The 45503 zip code of Springfield, Ohio is located in the southeastern part of the state. The zip code has a population of around 112,000 and covers a land area of about 9 square miles. Home prices in the Springfield zip code have been increasing at a rate of about 5% annually over the past five years. In 2016, home prices in the Springfield zip code reached an all-time high of $217,000.

One factor contributing to the increase in home prices in the Springfield zip code is that there are relatively few homes for sale compared to other areas of Ohio. This shortage has led to increased demand and higher home prices. Another reason for the increase in home prices is that many homes in Springfield were built during or shortly after World War II, which means they are older and typically have lower appraisals than newer homes. Finally, residents of Springfield tend to be wealthier than those living in other parts of Ohio, which also contributes to higher home values.

Price Index: Springfield, OH

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