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New Springfield

Learn about the people, housing, costs and businesses in New Springfield, Ohio

Median Home$206,300
Median Rent$790/month
Population556
Leading IndustriesFinance & Insurance · Transportation · Information & Media10% finance & insurance
Home Value Growth+6.2% over 2 years
Young Adults29% of residentsslightly above average
Homeowners72% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
New Springfield
OH

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in New Springfield?

As of today, the 30-year fixed mortgage rate for New Springfield is approximately 7.046% (7.087% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in New Springfield?

The median home value in New Springfield is $206k. The median monthly rent is $790. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Springfield?

Home values in New Springfield have increased 6.2% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in New Springfield?

Based on a typical all-in ownership cost of $800/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Springfield is $56k/year.

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What industries drive the economy in New Springfield?

The largest employment sectors in New Springfield are public administration (24%) and retail (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.