How quickly do townhouses sell in Springfield?

Townhouses in Springfield sell in approximately 38–43 days on average, indicating a balanced market with moderate competition. This timeframe allows investors to execute strategies without excessive holding periods.

What is the appreciation outlook for Springfield townhouses?

Springfield has demonstrated 5.2% year-over-year appreciation as of November 2025, with expectations for continued modest growth. The limited new construction supports long-term value stability for existing inventory.

How will the 2026 property tax reappraisal affect townhouse investments?

Clark County property values are being reappraised with increases around 32%, but state law requires tax rate adjustments to keep actual tax increases significantly lower. Investors should budget for modest tax increases but not proportional to the 32% value increase.

Townhouse Investment Properties for Sale in Springfield, OH

Property at 204 W State St, Springfield, OH

1 Bed
1 Bath
5222 sft

204 W State St, Springfield, OH, 45506

Property at 2153 Olympic St, Springfield, OH

2 Bed
2 Bath
1200 sft

2153 Olympic St, Springfield, OH, 45503

Here are some other similar properties you might be interested in:

Listed for sale today

2 Bed
2 Bath
922 sft

741 Almond Ave, Dayton, OH, 45417

Property at 111 W Warren St, Lebanon, OH

Fix & Flip

Listed for sale today

2 Bed
1 Bath
672 sft

111 W Warren St, Lebanon, OH, 45036

Listed for sale 4 days ago

3 Bed
1 Bath
1162 sft

20 5th St, The Plains, OH, 45780

Property at 10540 Clairdoan Ave, Cleveland, OH

Listed for sale 4 days ago

3 Bed
2 Bath
1300 sft

10540 Clairdoan Ave, Cleveland, OH, 44108

Listed for sale 5 days ago

4 Bed
1 Bath
1388 sft

4496 Eva Ln, Batavia, OH, 45103

Property at 184 N Hague Ave #186, Columbus, OH

Currently Rented

Listed for sale 5 days ago

- Bed
- Bath
- sft

184 N Hague Ave #186, Columbus, OH, 43204

Property at 9994 Ruff Rd, West Salem, OH

3 Bed
2 Bath
1464 sft

9994 Ruff Rd, West Salem, OH, 44287

Property at 1112 Pickford Ave, Akron, OH

3 Bed
2 Bath
- sft

1112 Pickford Ave, Akron, OH, 44320

Property at 253 Newfoundland Dr #252, Mount Gilead, OH

1 Bed
1 Bath
991 sft

253 Newfoundland Dr #252, Mount Gilead, OH, 43338

3 Bed
1 Bath
1600 sft

953 Rice Ave, Lima, OH, 45805

3 Bed
1 Bath
1056 sft

520 Sunset Dr, Hubbard, OH, 44425

Property at 329 Girard Ave NE, Canton, OH

3 Bed
1 Bath
1288 sft

329 Girard Ave NE, Canton, OH, 44704

Property at 5616 Cherry St, Portsmouth, OH

2 Bed
1 Bath
840 sft

5616 Cherry St, Portsmouth, OH, 45662

Property at 1408 Bradshaw Ct, Maumee, OH

3 Bed
1 Bath
925 sft

1408 Bradshaw Ct, Maumee, OH, 43537

Property at 11327 4th St NE, Magnolia, OH

3 Bed
2 Bath
2189 sft

11327 4th St NE, Magnolia, OH, 44643

3 Bed
1 Bath
1242 sft

602 Decatur St, Marion, OH, 43302

3 Bed
2 Bath
732 sft

97 Manning St, Newark, OH, 43055

Property at 116 Vine St, Mingo Junction, OH

3 Bed
1 Bath
- sft

116 Vine St, Mingo Junction, OH, 43938

Property at 55 Terrace Dr, Youngstown, OH

3 Bed
1 Bath
- sft

55 Terrace Dr, Youngstown, OH, 44512

Property at 11511 Caves Rd, Chesterland, OH

3 Bed
2 Bath
1270 sft

11511 Caves Rd, Chesterland, OH, 44026

Property at 700 Florence St, Martinsville, OH

3 Bed
1 Bath
1232 sft

700 Florence St, Martinsville, OH, 45146

2 Bed
1 Bath
- sft

1490 E 250th St, Euclid, OH, 44117

Property at 615 Villa Rd APT B, Springfield, OH

2 Bed
2 Bath
1088 sft

615 Villa Rd APT B, Springfield, OH, 45503

Property at 1016 Park Ave, Matamoras, OH

$ 100,000

ROI

Cash Flow/m

3 Bed
1 Bath
1114 sft

1016 Park Ave, Matamoras, OH, 45767

Why Invest in Springfield, Ohio?

Springfield, Ohio offers affordable townhouse investments in a stabilizing Midwest market. With median home values around $181,871 and year-over-year appreciation of 5.2%, townhouses provide accessible entry points for investors seeking steady rental yields. The market shows competitive dynamics with homes selling in approximately 38-43 days, indicating balanced supply-demand conditions. Strong employment anchors and modest population stability support consistent tenant demand in this undervalued corridor.

7.2%

Avg. ROI

5.8%

Rental Yield

6.5%

Cap Rate

$420/mo

Avg. Cash Flow

$885/mo

Avg. Rent

5.2%

1Y Appreciation

Frequently Asked Questions

Rental yields in Springfield average 5.8% annually, supported by median rents around $885 and affordable purchase prices. This yield is competitive for Midwest markets and reflects strong cash-on-cash returns for investors.

Find Your Perfect Investment Property in Springfield, Ohio

Explore investment opportunities by strategy, performance, or property type

Buy & Hold Rentals in Springfield, OH

Fix and Flip Properties in Springfield, OH

Short-Term Rental Properties in Springfield, OH

Find Properties

By Strategy

By Performance

Loan Products

Tools

Resources

Company

Townhouse Investment Properties for Sale in Springfield, OH

Why Invest in Springfield, Ohio?

Frequently Asked Questions

What is the typical rental yield for townhouses in Springfield, Ohio?

How quickly do townhouses sell in Springfield?

What is the appreciation outlook for Springfield townhouses?

How will the 2026 property tax reappraisal affect townhouse investments?

Find Your Perfect Investment Property in Springfield, Ohio

Explore by Investment Strategy

Explore by Performance

Explore by Property Type

Explore by Price Range

Popular Cities

Ziffy DSCR Loans for Ohio Investors