Real Estate Investing in Springfield, Ohio (45349)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45349 (Springfield, OH)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Springfield, OH (45349)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 45349 Springfield
ZIP 45349 inside Clark County looks affordable on the surface — median value of $176K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $176K asset, 45349 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within OH, ZIP 45349 trails on several market indicators that neighboring Clark County submarkets outperform. The gap is real and solid enough to shape underwriting.
Employment concentration in 45349 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 45349 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Springfield:
Market Trends
Home Value History (with trend line)
📊 How Does 45349 Compare?
| Metric | 45349 | Springfield | Springfield, OH | Ohio |
|---|---|---|---|---|
| Home Value | $175,683 | $164,132 | N/A | $237,530 |
| 5-Year CAGR | 5.5% | 7.2% | N/A | 7.4% |
| Avg Rent | $1,494 | $1,150 | N/A | - |
| Cap Rate | 6.6% | 5.2% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45349 (Springfield, OH). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 45349 (Springfield, OH)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $175,683 |
| Monthly Rent | $1,494 |
| Price-to-Rent | 9.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.2% |
| Cap Rate | 6.6% |
| 5-Year IRR | 12.2% |
📈 Home Appreciation
| 1-Year | -2.7% ▼ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.6%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 45349
Population: 284
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Nearby Colleges & Universities
Investor Insight: With 2,555 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are rents high in Springfield, OH?
Springfield, OH rentals go for roughly $1,494/mo a month. That puts gross yield in solid territory relative to $176K acquisition costs.
What is the smart move for investors in Springfield, OH?
In Springfield, OH the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $176K prices and $1,494/mo rents suits that approach.
Does Springfield, OH make sense for an investment property?
The 3.0/5 investability rating in Springfield, OH reflects its $176K prices and $1,494/mo rents. Investors generally consider it a solid option within OH.
Is vacancy a concern in Springfield, OH?
Expect elevated vacancy in Springfield, OH. Rents at $1,494/mo are absorbed by the tenant base without meaningful lag.
Where do home prices stand in Springfield, OH?
Springfield, OH median home values land near $176K. That is reasonable territory for investors looking at $1,494/mo-per-month rentals.
You know 45349 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 45349 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 45349 ranks in Springfield, OH
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 45349 (Springfield)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 45349 (Springfield, OH).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.