45506 — Springfield, OH Home Values
Typical home value $114,852 as of July 2026 · 13th of 13 in Springfield, OH
Blue: typical home value (Zillow ZHVI) in ZIP code 45506, July 2021 to July 2026. This page shows observed data only; no forecast.
How 45506 compares in the Springfield, OH area
ZIP code 45506 (Springfield, OH) has a typical home value of $114,852 as of July 2026, ranking 13th of 13 ZIP codes tracked in the Springfield, OH area, more expensive than about 8% of ZIP codes in the metro. Prices here have moved -0.4% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +38.6%, from $82,854 in July 2021 to $114,852 in July 2026. Against observed rent, the typical home here sells for 9.9× the annual rent ($962/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Springfield, OH forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Springfield.
Population and demographics
ZIP code 45506 has a population of 13,339, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 51.3% White, 31.8% Black or African American, 8.4% Hispanic or Latino, 7.5% two or more races, 0.4% Asian, 0.2% American Indian or Alaska Native, 0.2% Native Hawaiian or Pacific Islander, and 0.2% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Perrin Woods Elementary School | 431 W John St, Springfield, OH | 0.9 mi |
| Fulton Elementary School | 631 S Yellow Springs St, Springfield, OH | 0.9 mi |
| Clark Early Learning Center | 1500 W Jefferson St, Springfield, OH | 1.1 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 45506?
$114,852 as of July 2026, the latest month Zillow has published observed data for.
Is 45506 an expensive ZIP code in the Springfield, OH area?
45506 ranks 13th of 13 ZIP codes in the Springfield, OH area by typical home value, more expensive than about 8% of ZIP codes in the metro.
How much have home values in 45506 changed over the past year?
-0.4% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 45506?
The typical home price is 9.9× the observed annual rent in this ZIP code ($962/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 45506?
13,339, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 45506?
Perrin Woods Elementary School (0.9 mi), Fulton Elementary School (0.9 mi), Clark Early Learning Center (1.1 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 45506?
No. Every number on this page is observed Zillow data as of July 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Springfield, OH forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.