Side-by-side comparison of Springfield, OH and Urbana, OH — cap rates, rent, prices, and investment metrics.
Cash flow: Springfield has the edge with an estimated cap rate of 4.05% compared to Urbana's 2.05%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $195,000 in Springfield vs $240,000 in Urbana, while rents come in at $1,120/mo and $950/mo respectively. For context, the national average cap rate is 3.81% and average price is $333K.
Growth & appreciation: Springfield is growing faster at 0.2% annually vs Urbana's 0.2%. Springfield leads on home value appreciation at 2.2% per year.
Costs & risk: Property taxes are 1.58% in Springfield vs 1.58% in Urbana. Vacancy rates of 6.7% and 6.7% are mixed — Urbana has the tighter rental market.
Entry point: Springfield offers a lower entry at $195K vs Urbana's $240K — a difference of $45K. With a 20% down payment, that's $39K vs $48K. Springfield combines the lower price with a higher cap rate — a compelling combination.
Bottom line: Springfield edges out Urbana on most key metrics. While cap rates are moderate at 4.05%, Springfield's overall profile is stronger. Use our free calculators to model specific deals in Springfield or Urbana.