45504, Springfield, OH

The 45504 zip code of Springfield, OH is home to a population of around 100,000 people. The median household income in this zip code is $60,000, which is above the national median household income of $53,046. Additionally, the home equity in this zip code is around $200,000. This means that homeowners in the 45504 zip code have more than enough money to cover any unexpected expenses that may come up.

One reason why homeowners in the 45504 zip code are able to maintain such a high level of home equity is because there are relatively few foreclosures and short sales in this area. In fact, only 2% of all homes in Springfield are currently listed for sale as distressed or foreclosed on. This low rate of foreclosure and short sale activity indicates that most homeowners in the 45504 zip code are able to keep their homes for a long period of time without having to worry about them being sold at a discounted price.

Additionally, Springfield has a strong economy which has led to an increase in home prices over the past few years. The average sale price for homes within the 45504 zip code was $163,500 as of September 2017. This represents an increase of almost 20% from the average sale price for homes within this same zipcode five years ago ($138,500). While there may be some areas within Springfield where prices have increased more than others (due to factors such as location or size), it is clear that overall prices have been on the rise over the past few years and will likely continue doing so into future years.