Is Springfield, OH a good place to invest in rental property?

Springfield, OH has a median modeled monthly cash flow of $-233 and a median cap rate of 4.8%, on a median sold price of $166,950. Prices changed +4.4% year over year.

What is the average cap rate in Springfield, OH?

The median cap rate across recently sold homes in Springfield, OH is 4.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Springfield, OH?

The median sold price in Springfield, OH is $166,950 (about $130 per square foot).

Investing in Springfield, OH Real Estate

A data-driven snapshot of the Springfield, OH rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$166,950Median sold price

$130Median $/sqft

4.8%Median cap rate

$-233Modeled cash flow / mo

+4.4%Appreciation YoY

6.0Months of supply

450Active listings

900Sold (last 12 mo)

What the Springfield numbers say

In Springfield, OH, the median home sold for $166,950 (about $130 per square foot), and the typical deal models out to a 4.8% cap rate with a median $-233 of monthly cash flow. Sold prices moved +4.4% over the past year. Inventory sits at about 6.0 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Ohio markets to compare

See Springfield cash-flowing listings

CashFlowRE ranks every for-sale home in Springfield, OH by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Springfield deals, or browse the national market data.