Springfield, OH home prices
Typical home $199,688 · +3.2% in a year · income needed $58,800
The Springfield, OH metro area ranks 641 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.2% in a year and +38.6% over five years. With 20% down at 7.11%, the typical home costs about $1,372 a month including 1.19% property tax (Clark County rate).
Mortgage on the typical Springfield home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $39,938 | $159,751 | $1,075 | $0 | $298 | $1,372 | $58,800 |
| 10% down | $19,969 | $179,719 | $1,209 | $75 | $298 | $1,581 | $67,800 |
| 5% down | $9,984 | $189,704 | $1,276 | $79 | $298 | $1,653 | $70,800 |
| 3.5% down (FHA) | $6,989 | $196,071 | $1,319 | $88 | $298 | $1,705 | $73,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.19% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Springfield area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Clark County, OH | $199,692 | +3.2% | 1.19% |
What can you afford in Ohio on your salary? · Ohio home prices · Salaries in Ohio
Frequently asked questions
How much is a house in Springfield?
The typical home in the Springfield, OH metro area is worth $199,688 (Zillow, September 2026).
What salary do you need to buy a house in Springfield?
About $58,800 a year for the typical home with 20% down at 7.11%.