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New Springfield, OH—44443

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$237,000
1.6% YoY Growth
Household Income
$71,900
8.8% YoY Growth
Days on Market
39
46.0% Longer YoY
Home Price Forecast
2.8%
Median Rent
N/A
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A

Other Zip Codes in New Springfield, OH

44454
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — New Springfield, OH

As of May '26, the median home price in New Springfield, OH is $237,000, with a year-over-year change of 1.6%. This indicates that home prices in New Springfield, OH are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$237,0001.6%
Single Family $237,0002.2%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$259,0002.0%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    17.7%
    2 Bedrooms
    17.7%
    3 Bedrooms
    48.1%
    4 Bedrooms
    12.6%
    5+ Bedrooms
    3.9%

    Rental Trends — New Springfield, OH

    New Springfield, OH lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    38.6%
    2 Bedrooms
    11.9%
    3 Bedrooms
    49.5%

    Property Listings — New Springfield, OH

    As of May '26, Realtor.com reports that the median days on market for a home in New Springfield, OH is 39. This is a increase of 46.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 80.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$335,000-25.0%
    Listing Count
    		5-44.0%
    Listings as % of Homes0.9%-44.0%
    Days on Market
    		3946.0%
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    Demographics — New Springfield, OH

    As of the latest ACS Survey released in 2023, New Springfield, OH has a population of 1,950, which has increased by 16.6% over the past 5 years. New Springfield, OH is a moderately popular place for families, as children make up 23.5% of the population. The area has a poorly educated workforce, with 19.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		1,95016.6%
    % Under 18
    		23.5%-17.5%
    % Seniors
    		19.5%1.0%
    % WFH
    		8.4%154.5%
    % w/ College Degree
    		19.6%-10.5%
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    As of the latest ACS Survey released in 2023, New Springfield, OH is a predominantly white area, with 100.0% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in New Springfield, OH is black, making up 0.0% of the population. Foreign-born residents account for 0.6% of the population in New Springfield, OH, and this percentage has increased by Inf% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		100.0%0.0%
    % Black
    		0.0%N/A
    % Hispanic
    		0.0%N/A
    % Asian
    		0.0%N/A
    % Foreign Born
    		0.6%∞%
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    Mortgage and Risk — New Springfield, OH

    According to HUD data as of 2023, there were 52 mortgage originations in New Springfield, OH, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in New Springfield, OH. Investor activity is low, as 0.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		52
    % Conventional Loans
    		77.0%
    % Government Loans
    		23.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		21.0%
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    Rentals and Section 8 — New Springfield, OH

    New Springfield, OH lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		N/A
    Total Units Section 8
    		N/A
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$700
    2 BedroomN/AN/A$880
    3 BedroomN/AN/A$1,170
    4 BedroomN/AN/A$1,240

    Affordability — New Springfield, OH

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.8
    Median Home Price$237,000
    Median Household Income$71,900

    New Springfield, OH — ZIP Code Boundary Map

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    Nearby ZIP Codes

    New Springfield, OH

    44454

    New Middletown, OH

    44442

    North Lima, OH

    44452

    Poland, OH

    44514

    New Waterford, OH

    44445

    Frequently Asked Questions