ZIP Code 45503 — Springfield, OH Home Prices (2026)

The typical home in ZIP 45503 (Springfield, Ohio) is worth about $197,000 at roughly $145 per square foot — 6% more expensive than the Springfield median and 33% more affordable than the typical U.S. home.

$197,000

Typical home value

$145

Price per sq ft

#3 of 6

Springfield ZIPs by value

+6%

vs Springfield median

How 45503 compares

ZIP 45503 is a mid-priced ZIP code for Springfield: its typical home value of $197,000 ranks #3 of the 6 Springfield ZIP codes we track (the citywide range runs from $115,000 in 45506 to $316,000 in 45502). Per square foot it costs about $145, against $146 for Springfield as a whole, $159 for Ohio, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 45503	$197,000	$145
Springfield, OH	$186,500	$146
Ohio	$230,000	$159
United States	$294,000	$195

Home value by size in 45503

Using this ZIP’s rate of about $145 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$145,000
1,500 sq ft	$217,500
2,000 sq ft	$290,000
2,500 sq ft	$362,500
3,000 sq ft	$435,000

Salary needed to buy a home in ZIP 45503

To buy the typical $197,000 home in ZIP 45503 with 20% down, you need a household income of roughly $54,000 a year (about $1,250 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $64,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$9,900	$1,550/mo	$67,000/yr
10% (+PMI)	$19,700	$1,490/mo	$64,000/yr
20%	$39,400	$1,250/mo	$54,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 45503

At about $145 per square foot, here is roughly how much home different budgets get you in ZIP 45503:

Budget	Approx. size	What that looks like locally
$150k	1030 sq ft	below the local median — condos, smaller or older homes
$200k	1380 sq ft	around the typical home here
$250k	1720 sq ft	around the typical home here
$300k	2070 sq ft	above the median — larger homes or the pricier ZIPs
$400k	2760 sq ft	above the median — larger homes or the pricier ZIPs

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 45503 home.

Estimate a specific home in 45503

The estimator below is pre-set to ZIP 45503 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All Springfield ZIP codes by home value

Where 45503 sits among Springfield’s 6 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	45502	$316,000	$192
2	45504	$215,000	$157
3	45503 (this page)	$197,000	$145
4	45349	$176,000	$107
5	45505	$130,000	$146
6	45506	$115,000	$92

ZIP 45503 home prices: frequently asked

What is the average home price in ZIP code 45503? +

The typical home in ZIP 45503 (Springfield, OH) is worth about $197,000 as of 2026. That is 6% more expensive than the Springfield median of $186,500 and 33% more affordable than the U.S. median of $294,000.

What is the price per square foot in 45503? +

About $145 per square foot in 45503, versus $146 across Springfield and $159 across Ohio. At that rate a 1,500 sq ft home runs roughly $217,500 and a 2,500 sq ft home about $362,500.

What salary do you need to buy a house in ZIP 45503? +

For the typical $197,000 home in ZIP 45503, a household income of about $54,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $64,000; with 5% down about $67,000.

Is 45503 an expensive ZIP code? +

Within Springfield, 45503 ranks #3 of 6 ZIP codes by typical home value, which makes it a mid-priced ZIP code for Springfield. Nationally it is relatively affordable.

See the full Springfield home values page, all Ohio cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.