Market Overview
Home Prices in New Springfield, OH
The median home value in New Springfield, OH is $229,422 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.3% compared to a year ago and up 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in New Springfield are priced44% below average. New Springfield is part of the Youngstown-Warren-Boardman, OH-PA metro area.
Over the past five years, New Springfield home values have risen by approximately30.3%, reflecting strong long-term appreciation in this market.
Price History
New Springfield Home Price Trend
City Comparison
New Springfield vs. National Median
At $229,422, homes in New Springfield cost 44% below the national median of $410,000. This makes New Springfield a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in New Springfield?
20% Down Payment
$45,884
on $229,422
Monthly P&I
$1,197/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,520/mo
incl. taxes & insurance
Income Needed
$60,800
gross annual (30% rule)
10% Down Option
$22,942
+ PMI applies
Loan Amount (20% dn)
$183,538
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in New Springfield, OH?
The median home value in New Springfield is $229,422 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.3% year-over-year.
How much have home prices changed in New Springfield?
Over the past year, home values in New Springfield have increased by 2.3%. Over five years, prices have risen approximately 30.3%.
How much do I need to earn to buy a home in New Springfield?
To comfortably afford the median home price of $229,422 with a 20% down payment ($45,884) at today's rates (6.8%), you'd need a gross annual income of approximately $60,800. This assumes keeping total housing costs at or below 30% of gross income.
How does New Springfield compare to the national average home price?
The national median home value is approximately $410,000. At $229,422, homes in New Springfield are 44% below the national average.
What metro area is New Springfield part of?
New Springfield is part of the Youngstown-Warren-Boardman, OH-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.