HousingHandbookReference data

U.S. ZIP Code · OH45503

Clark County · Springfield, OH

Typical home value

$196,207[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+4.9%
5-year / yr
+8.1%
10-year / yr
+7.9%

Relative price

vs U.S.
-30.9%
vs metro
≈ metro median
vs state
-10.3%
ZIP 45503 location in OH
Location of ZIP 45503 in OH

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 45503 is worth $196,207. Over the past year, values have risen 4.9%. The effective property tax rate is 1.1%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.1%[3]
Typical annual tax
$2,167[3]

#Climate risk

FEMA National Risk Index ratings for Clark County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively Low
Heat wave
Relatively Low
Hurricane
Very Low
Tornado
Relatively Moderate
Earthquake
Relatively Low
Winter weather
Relatively Moderate

#Who lives here

Population
32,638[3]
Median household income
$59,595[3]

#Migration

Household moves in and out of Clark County over a year, from IRS tax-return data.

Net migration
-88[5]
Moved in
2,752
Moved out
2,840

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
8
Elementary
4
Middle
1
High
3
  • Springfield High School

    High · Grades 9–12 · Springfield City School District

    1,602 students

  • Kenton Ridge Elementary

    Elementary · Grades PK–6 · Northeastern Local

    1,129 students

  • Kenton Ridge Middle/High School

    High · Grades 7–12 · Northeastern Local

    844 students

  • Kenton Elementary School

    Elementary · Grades K–6 · Springfield City School District

    468 students

  • Lagonda Elementary School

    Elementary · Grades K–6 · Springfield City School District

    412 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$992
Loan principal$156,966
Down payment$39,241
Total interest paid$200,201

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$1,335
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
83rd percentile[1]
Rental yield
[2]
Property tax
42nd percentile[3]

Frequently asked

How much is a home worth in ZIP code 45503?
The typical home in 45503 is worth $196,207, based on the Zillow Home Value Index.
Are home values rising in 45503?
Home values in 45503 are up 4.9% over the past year, and up 8.1% a year over five years.
What is the property tax rate in 45503?
The effective property tax rate in 45503 is 1.1% — roughly $2,167 a year on a typical home.
Who lives in 45503?
ZIP code 45503 has a population of 32,638 and a median household income of $59,595.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Catawba, OH

    Typical home
    $187,439
    Gross yield
  • Medway CDP, OH

    Typical home
    $183,956
    Gross yield
  • Springfield, OH

    Typical home
    $212,631
    Gross yield
  • New Carlisle, OH

    Typical home
    $216,481
    Gross yield
  • North Hampton, OH

    Typical home
    $173,638
    Gross yield
  • Enon, OH

    Typical home
    $241,332
    Gross yield

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