Housing Report for Springfield
The residential real estate values in Springfield, Ohio have seen small increases from the housing values in 2000. The residential values have increased by $8,600, or 8.7 percent, from 2000 when they had reported median values of $99,000.
In the State of Ohio, Springfield is positioned 12 of the 12 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 353 of 361, when comparing the change in housing structures in other metropolitan areas throughout the nation.
Springfield had a median home value in the year 2005 of $107,600, accounted by the American Community Survey. This median is less than the overall State of Ohio 2005 home value of $129,600 and less than median home value of $167,500 for the rest of the nation in that year.
Springfield is made up of a small, but present percentage of high-priced residential real estate. For the year 2005, the American Community Survey accounted that 0.4 percent of owner-occupied dwellings were valued over a half a million dollars.
It can be understood that there is a large amount of real estate that is affordable in Springfield, Ohio. In 2005, 63.2 percent of housing was valued under $125k.
In Springfield, the real estate market was made up of 61,925 housing structures in 2005. The metro area has seen a small amount of growth in the number housing units, adding all together 571 homes since 2001, or 0.9 percent.
Data Source: U.S. Census Bureau
In the State of Ohio, Springfield is positioned 12 of the 12 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 353 of 361, when comparing the change in housing structures in other metropolitan areas throughout the nation.
Springfield had a median home value in the year 2005 of $107,600, accounted by the American Community Survey. This median is less than the overall State of Ohio 2005 home value of $129,600 and less than median home value of $167,500 for the rest of the nation in that year.
Springfield is made up of a small, but present percentage of high-priced residential real estate. For the year 2005, the American Community Survey accounted that 0.4 percent of owner-occupied dwellings were valued over a half a million dollars.
It can be understood that there is a large amount of real estate that is affordable in Springfield, Ohio. In 2005, 63.2 percent of housing was valued under $125k.
In Springfield, the real estate market was made up of 61,925 housing structures in 2005. The metro area has seen a small amount of growth in the number housing units, adding all together 571 homes since 2001, or 0.9 percent.
Data Source: U.S. Census Bureau
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