Springboro, OH Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Springboro, OH Housing Market Trends

With 19,062 people, 6,304 houses or apartments, and a median cost of homes of $371,008, Springboro real estate is some of the most expensive in Ohio, although Springboro home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Springboro, accounting for 87.10% of the city's housing units. Other types of housing that are prevalent in Springboro include large apartment complexes or high rise apartments ( 5.03%), row houses and other attached homes ( 4.40%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.47%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Springboro. Owner-occupied housing accounts for 86.06% of Springboro's homes, and 80.56% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Springboro built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Springboro built between 2000 and later ( 30.67%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.21%). There's also some housing in Springboro built before 1939 ( 1.59%).

Springboro Home Appreciation Rates

Appreciation rates for homes in Springboro have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 62.23%, which ranks in the top 50% nationwide. This equates to an annual average Springboro house appreciation rate of 4.96%.

NeighborhoodScout's data show that during the latest twelve months, Springboro's appreciation rate, at 18.09%, has been at or slightly above the national average. In the latest quarter, Springboro's appreciation rate has been 7.41%, which annualizes to a rate of 33.12%.

Relative to Ohio, our data show that Springboro's latest annual appreciation rate is higher than 70% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$371,008

Springboro, OH HOME PRICES

> $1,309,000
$981,001 - $1,309,000
$654,001 - $981,000
$523,001 - $654,000
$393,001 - $523,000
$262,001 - $393,000
$131,001 - $262,000
$65,001 - $131,000
$0 - $65,000
0.4%
0.4%
0.3%
0.3%
2.0%
2.0%
7.4%
7.4%
20.6%
20.6%
33.8%
33.8%
32.4%
32.4%
2.2%
2.2%
0.9%
0.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for OH

Value Relative To Nation

Number Of Homes And Apartments:
6,304

Springboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
63.03% 2.25%
5
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,924 / per month

Homeownership Rate

Owners
Renters
Vacant
86.1%
86.1%
13.9%
13.9%
5.4%
5.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
30.7%
30.7%
57.5%
57.5%
10.2%
10.2%
1.6%
1.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
87.1%
87.1%
4.4%
4.4%
3.5%
3.5%
5.0%
5.0%
0.0%
0.0%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.1%
0.1%
4.1%
4.1%
6.9%
6.9%
43.4%
43.4%
37.2%
37.2%
8.3%
8.3%
0.0% 100.0%
% OF HOMES