U.S. ZIP Code · OH45506
Clark County · Springfield, OH
Appreciation
- 1-year
- +0.6%
- 5-year / yr
- +8.1%
- 10-year / yr
- +10.2%
Relative price
- vs U.S.
- -58.7%
- vs metro
- -40.2%
- vs state
- -46.4%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 45506 is worth $117,315 — 40.2% below the Springfield, OH median. Over the past year, values have risen 0.6%. Homes here rent for a typical $1,044 a month — a 10.7% gross rental yield. The effective property tax rate is 1.2%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#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
#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
- 3
- Elementary
- 2
- Middle
- 0
- High
- 0
Fulton Elementary School
Elementary · Grades K–6 · Springfield City School District
424 students
Clark Early Learning Center
Prekindergarten · Grades PK · Springfield City School District
417 students
Perrin Woods Elementary School
Elementary · Grades K–6 · Springfield City School District
345 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 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.
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.
Owning is meaningfully cheaper month-to-month.
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.
Frequently asked
- How much is a home worth in ZIP code 45506?
- The typical home in 45506 is worth $117,315, based on the Zillow Home Value Index.
- Are home values rising in 45506?
- Home values in 45506 are up 0.6% over the past year, and up 8.1% a year over five years.
- What is the typical rent in 45506?
- A typical home in 45506 rents for about $1,044 a month, a gross rental yield of 10.7%.
- What is the property tax rate in 45506?
- The effective property tax rate in 45506 is 1.2% — roughly $1,415 a year on a typical home.
- Who lives in 45506?
- ZIP code 45506 has a population of 13,435 and a median household income of $42,104.
#Comparable ZIPs
Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.
Tremont City, OH
- Typical home
- $127,421
- Gross yield
- —
Springfield, OH
- Typical home
- $130,572
- Gross yield
- —
North Hampton, OH
- Typical home
- $173,638
- Gross yield
- —
Medway CDP, OH
- Typical home
- $183,956
- Gross yield
- —
Catawba, OH
- Typical home
- $187,439
- Gross yield
- —
Springfield, OH
- Typical home
- $196,207
- Gross yield
- —
Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →
Compare ZIPs
Pit ZIP 45506 against any other ZIP — full side-by-side table.
#Jump to section