ZIP Code · OH

ZIP 45505

Part of Springfield, OH

Pop. 19,826·Clark County·196th most expensive ZIP in Ohio

Median rent (all units)

$1,097/mo

Year-over-Year

Stable

Month-over-Month

-3.9%

vs US Median

-$835

Reported rents

Falling (Monthly)

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ZIP 45505 · $1,097

More affordable than 95% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$740

1 BR

$820

2 BR

$1,070

3 BR

$1,310

4 BR+

$1,520

Research median

$1,070/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($43,819) is $1,095 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,070); a 3-bedroom is $1,310.

From Zillow's monthly rent index (ZORI) for ZIP 45505. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$13,164/yr

At $1,097/mo median

Location

CitySpringfield

StateOH

CountyClark County

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (+0.0% YoY, -3.9% MoM), not inventory.

Demographics

Who lives here

ZIP 45505 (Springfield, OH) is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 12% of residents hold a bachelor's degree or higher.

Population

19,826

Median income

$43,819

Median age

35.1

Renters

47.3%

Age distribution

26.4%

23.4%

23.3%

15.2%

Under 1826.4%

18–3423.4%

35–5423.3%

55–6411.7%

65+15.2%

Gender

46.9%

53.1%

Male46.9%

Female53.1%

Race & ethnicity

72.5%

12.5%

White72.5%

Black12.5%

Hispanic6.8%

Asian0.5%

Other7.7%

Education (25+)

17.8%

41.7%

28.5%

No HS diploma17.8%

HS diploma41.7%

Some college28.5%

Bachelor's+12%

Housing tenure

52.7%

47.3%

Owner52.7%

Renter47.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 45505 in Springfield, OH has changed in 5 years

Income

$39,601 → $43,819

up 10.7%

Population

20,464 → 19,826

down 3.1%

Renter share

50.5% → 47.3%

-3.2 pts

Bachelor's+

8.6% → 12%

+3.4 pts

On the earnings side, the typical household in ZIP 45505 in Springfield, OH now reports about $43,819, up from $39,601 in 2021. Census counts show ZIP 45505 in Springfield, OH losing about 638 residents over the five-year window, down 3.1% on net. The renter share has eased from 50.5% to 47.3%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 8.6% to 12% across the same window.

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Local insights

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About renting in ZIP 45505

Last updated: October 17, 2026

ZIP code 45505 covers Springfield, OH. The median rent here is $1,097/mo as of October 2026. A 1-bedroom rents for a median of $820/mo. A 2-bedroom rents for a median of $1,070/mo.

At 30% of local median household income ($43,819/yr), ZIP 45505 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 45505?

To keep rent at or below 30% of gross income, you would need to earn at least $44,000/year (about $21/hour full-time) to afford the median rent of $1,097/mo in ZIP 45505. The local median household income is $43,819/yr, so the typical household falls short of that bar.