Real Estate Investing in Springfield, Ohio
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in Springfield, OH? Our answer, based on the numbers below.
For Homebuyers
GREAT FIT
Grade A (86/100)
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
For Investors
MIXED
3.3 / 5
(57/100)
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
Risks to Know
1 flag
- Elevated vacancy: 10.2% vacancy may signal weakening demand.
What’s happening in Springfield, OH?
Click any question — our AI will research it live from the web and show you sources.
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
Avg Investability
★★★★★
Avg Home Value
$164,132
Avg Monthly Rent
$1,150
ZIP Codes
7
Market Trends — Springfield, OH
Home Value History
Rent History
Local Pulse Report
AI-researched developments and news for Springfield, OH. Updated on demand as visitors ask.
Growth & development in Springfield, OH Updated 137 days ago
Springfield, OH is experiencing significant growth with major housing developments, new businesses, and infrastructure projects underway, alongside substantial job creation efforts.
Opportunities
- Melody Parks, a 400-acre mixed-use housing development, is under construction and will add over 1,200 housing options by 2025. — This expands housing choices and accommodates a growing workforce. WYSO, Greater Ohio Policy Center
- A $1.3 billion data center by 5c and Vultr is under construction at Prime Ohio corporate park, expected to open in early 2026. — This creates 120 new jobs and brings significant private investment. WYSO
- Navistar International and General Motors' deal includes a $12 million plant revamp and 300 new manufacturing jobs in Springfield. — This provides new employment opportunities and boosts the local manufacturing sector. AMPM Employment
- Performance Food Group is expanding its Springfield facility by 117,000 square feet, creating 350 new jobs. — This offers more employment and strengthens the local economy. YouTube (WWLP-22News)
- Springfield tied for the second-highest employment growth rate in Ohio since the COVID pandemic, at 2.3% from Feb 2020-Mar 2024. — This indicates a robust job market and increased economic opportunity. Greater Springfield Partnership
Concerns
- The potential termination of Temporary Protected Status (TPS) for Haitian immigrants could lead to mass deportations. — This could cause significant job losses and negatively impact the local economy. Hub Springfield, WBNS 10TV
- The Paving and Infrastructure Improvement Project 2025 will involve temporary disruptions from roadway and utility work. — Construction activities may cause inconvenience and traffic delays for residents. HigherGov
Bottom line: Springfield is experiencing substantial economic development and job growth, though potential immigration policy changes pose a risk to the workforce.
Local news & events in Springfield, OH Updated 137 days ago
Springfield, OH has seen a mix of community events and significant concerns over the past year, including ongoing efforts to address crime and environmental issues, alongside the impact of misinformation on its growing Haitian community.
Opportunities
- Springfield is actively working on downtown revitalization projects, including transforming old buildings into retail spaces and approximately 150 new apartments. — This expands housing options and commercial opportunities for residents. 10TV
- The Clark County Combined Health District (CCCHD) is implementing a four-pillar plan for 2026 to address chronic disease, mental health, and housing stability. — This aims to improve overall health outcomes and living conditions for the community. Hub Springfield
- The Springfield Arts Council's 2026 Summer Arts Festival is scheduled with various music events and concerts. — These events provide cultural enrichment and entertainment options for residents. AllEvents
- The city has strategically leveraged over $20 million in American Rescue Plan Act (ARPA) funds for public safety investments over the past three years. — This investment aims to enhance public safety services and infrastructure. City Commission Meeting, Dec 2025
Concerns
- Springfield has a high crime rate, ranking among the top 100 most dangerous cities in the U.S., with violent crime 282% higher than the national average. — High crime rates restrict personal safety and can deter economic activity. NeighborhoodScout, Rising Crime News
- A chemical spill of 1,400 gallons of sodium cyanide and potassium cyanide mixed with water occurred at Parker True Tech in July 2025, with chemicals entering a nearby pond. — This poses a potential environmental and health risk to the community and restricts safe use of the pond. WDTNTV, WHIO-TV
- Misinformation regarding Haitian immigrants has led to increased animosity, threats, and a bomb threat that closed City Hall in September 2024. — This creates an unwelcoming and unsafe environment for a segment of the population and disrupts civic functions. PolitiFact, Scripps News
- The city faces unfunded mandates and large infrastructure needs that exceed available funding, leading to legislated sewer and water rate increases in 2025 and 2026. — These rate increases impose additional costs on residents without their direct consent. City Commission Meeting, Dec 2025
- Negotiations to finalize the cleanup of the Tremont City Barrel Fill, containing industrial waste and toxic chemicals, have been ongoing for over two years, threatening the local drinking water aquifer. — This ongoing environmental threat imposes unconsented health risks and uncertainty for residents. Springfield News Release
Bottom line: Springfield is actively pursuing development and community health initiatives, but faces significant challenges with high crime rates, environmental concerns, and social tensions exacerbated by misinformation.
Schools in Springfield, OH Updated 137 days ago
Springfield City School District has seen improvements in its state report card rating and is undertaking significant facility upgrades funded by bond measures, while also expanding academic and extracurricular programs.
Opportunities
- The Springfield City School District received a 2.5-star rating on the Ohio Department of Education and Workforce state report card for the 2024–2025 academic year, a 0.5-star improvement. — This indicates improved academic performance and effectiveness of educational programs for students. SCSD Report Card
- A $220 million bond issue (Proposition S, Phase II) was approved by voters in April 2023 for safety upgrades, new middle schools, and storm shelters. — This voluntary capital investment provides enhanced safety, modern learning environments, and protection for students and staff. Springfield Public Schools
- The district opened a state-of-the-art School Based Health Center at Springfield High in 2025, improving access to physical and mental health care. — This expands access to essential health services for students and their families. SCSD Successes
- Springfield High School freshmen gained access to Career Pathways courses in 2024-2025, exposing them to in-demand career skills. — This expands career readiness and future job opportunities for students. SCSD Successes
- The Ohio Supreme Court ruled in September 2025 that the Clark County auditor must continue collecting a 2013 bond levy through 2031. — This ensures continued funding for school facilities and technology without additional financial burden on the district. Court News Ohio
Concerns
- Springfield City School District's average testing ranking is 2/10, placing it in the bottom 50% of public schools in Ohio for 2022-2023. — This indicates a need for continued improvement in core academic proficiency compared to state averages. Public School Review
- The district's math proficiency score is 20% and reading proficiency score is 30%, significantly below Ohio public school averages of 55% and 60% respectively. — These low proficiency rates suggest students may face challenges in fundamental academic areas. Public School Review
- Chronic absenteeism in the district was 39.0% in 2024-2025, despite a drop from its 2022-2023 peak. — High chronic absenteeism can hinder consistent learning and academic progress for students. SCSD Report Card
Bottom line: The district is making strides in facilities and program expansion, but academic proficiency and chronic absenteeism remain significant challenges.
Civic & policy in Springfield, OH Updated 137 days ago
Springfield and Clark County have seen significant changes in zoning, tax collection, and state-level regulations impacting residents and businesses.
Opportunities
- Springfield City Council approved a comprehensive rewrite of its zoning code to create a modern, user-friendly framework for development. — This expands housing choices, supports local businesses, and reduces friction in the development process. ZoneCo
- The City of Springfield is transitioning municipal income tax collection to the Regional Income Tax Agency (RITA) starting July 1, 2025. — This partnership offers residents and businesses user-friendly online filing tools, efficient payment processing, and enhanced customer service. City of Springfield Ohio Official Website
- Ohio House Bill 96, effective January 1, 2026, implements a flat personal income tax rate of 2.75% for income over $26,050. — This change reduces the top personal income tax rate, potentially benefiting higher-income earners. Ernst & Young LLP
- Ohio House Bill 186, effective December 2025, introduces a property tax credit for owners in certain school districts. — This credit limits property tax revenue increases, benefiting both residential and commercial property owners. Vorys
Concerns
- Clark County Commissioners mandated sweeping requirements and testing for all products and stores selling hemp products as of March 18, 2026. — This imposes new regulatory burdens and costs on businesses selling hemp products. YouTube (WHIO-TV)
- A controversial subdivision with over 600 single-family units was approved on 186 acres of agricultural land in rural Clark County in September 2025. — This development will increase population density and change the character of a rural area, despite local opposition. YouTube (Wave News)
- The City of Springfield paused the rezoning of 30 acres for a new Clark County Jail for at least three months as of April 3, 2026. — This delay prolongs uncertainty for residents near the proposed jail site who have expressed concerns about its location. WHIO-TV
- Springfield Local Schools eliminated 20 positions ahead of the coming school year due to state funding cuts. — This reduces educational services and opportunities for students in the district. WTOL
- Ohio's higher education overhaul law (S.B. 1), effective June 2025, creates post-tenure reviews, puts diversity scholarships at risk, and sets rules for classroom discussion. — These state-level changes may restrict academic freedom and limit diversity initiatives at public universities and community colleges, including those attended by Springfield resi… News From The States
Bottom line: Springfield and Clark County are experiencing a mix of regulatory changes, with efforts to streamline development and tax collection alongside new restrictions and ongoing funding challenges.
AI-generated from public web sources. Always verify with official records. Not financial, legal, or investment advice.
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Best ZIP codes in Springfield, OH
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Landlord Ground Truth
Real numbers from people who own or manage rentals in Springfield, OH. Anonymous, moderated, never written by AI.
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Avg Home Value
$164,132
Avg Monthly Rent
$1,150
1% Rule
✗ Below
Landlord Friendly (OH)
★★★★★
☀️
Warm Market
— Springfield, OH metro
0
Days to pending
12.1%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly
🎓 Colleges & Universities in Springfield
2 Colleges
6,057 Students
2,555 Off-Campus Renters
C
4-Year Public · 4,724 students
📍 ~2,555 students rent off-campus
C
4-Year Private · 1,333 students
Investor Insight: With 2,555 students living off-campus, Springfield has substantial rental demand from the college population — typically stable, lease-renewing tenants.
Neighborhoods in Springfield
ZIP Codes in Springfield, OH
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View PlansFrequently Asked Questions About Springfield, OH
Is Springfield in OH worth investing in?
Our data puts Springfield, OH at 3.3/5 for investability. Home prices of $164K and rents around $1,150/mo create a solid backdrop for investor activity.
Are there empty rentals in Springfield, OH?
Springfield, OH sees elevated vacancy, which is reasonable relative to the broader OH rental market.
How qualified is the tenant pool in Springfield, OH?
The tenant pool in Springfield, OH is solid, supported by local employment and population fundamentals. Rents of $1,150/mo are well-absorbed by the market.
How much does a house cost in Springfield, OH?
Homes in Springfield, OH typically sell near $164K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
What monthly rent should investors expect in Springfield, OH?
Average rent in Springfield, OH is approximately $1,150/mo per month. Against $164K home values that yields a reasonable rent-to-price ratio.
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