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Springfield, MO—65804

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$258,000
0.5% YoY Growth
Household Income
$58,300
16.1% YoY Growth
Days on Market
59
6.0% Longer YoY
Home Price Forecast
2.6%
Median Rent
$1,240
1.5% YoY Growth
1-Bed Rent
$750
4.1% YoY Growth
2-Bed Rent
$950
2.1% YoY Growth
3-Bed Rent
$1,500
7.7% YoY Growth

Other Zip Codes in Springfield, MO

658026580665803658096580765810
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Springfield, MO

As of Dec '25, the median home price in Springfield, MO is $258,000, with a year-over-year change of 0.5%. This indicates that home prices in Springfield, MO are flat. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$258,0000.5%
Single Family $260,0000.8%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$182,0000.6%
    3 Bed
    		$241,0000.8%
    4 Bed
    		$363,0001.7%
    5 Bed $515,9350.8%
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    % of Housing Stock

    Studio
    4.3%
    1 Bedroom
    13.3%
    2 Bedrooms
    25.6%
    3 Bedrooms
    36.7%
    4 Bedrooms
    15.1%
    5+ Bedrooms
    5.0%

    Rental Trends — Springfield, MO

    As of July '25, Rentcast reports the average rent in Springfield, MO is $1,330, with a year-over-year rent change of 1.5%. Per bedroom, the median rent as of July '25 in Springfield, MO is studios: $1,000, 1-bedrooms: $905, 2-bedrooms: $968, 3-bedrooms: $1,540, 4-bedrooms: $1,950. The most common rental property sizes in Springfield, MO are 2-bedroom and 1-bedroom, accounting for 38.4% and 27.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,240$1,330
    Studio Rent $1,140$1,000
    1 Bed Rent $750$905
    2 Bed Rent $950$968
    3 Bed Rent $1,500$1,540
    4 Bed Rent $1,800$1,950
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    % of Rental Stock

    Studio
    9.4%
    1 Bedroom
    27.6%
    2 Bedrooms
    38.4%
    3 Bedrooms
    21.7%
    4 Bedrooms
    2.7%
    5+ Bedrooms
    0.2%

    Property Listings — Springfield, MO

    As of Dec '25, Realtor.com reports that the median days on market for a home in Springfield, MO is 50. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$330,000-2.0%
    Listing Count
    		1411.0%
    Listings as % of Homes0.4%1.0%
    Days on Market
    		596.0%
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    Demographics — Springfield, MO

    As of the latest ACS Survey released in 2023, Springfield, MO has a population of 40,300, which has increased by 6.6% over the past 5 years. Springfield, MO is a moderately popular place for families, as children make up 20.5% of the population. The area has a moderately educated workforce, with 41.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		40,3006.6%
    % Under 18
    		20.5%12.0%
    % Seniors
    		20.7%-3.7%
    % WFH
    		12.5%127.3%
    % w/ College Degree
    		41.8%1.7%
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    As of the latest ACS Survey released in 2023, Springfield, MO is a predominantly white area, with 87.4% of the population identifying as white. The white population has shrunk by 4.2% in the last 5 years. The second most common race or ethnicity in Springfield, MO is hispanic, making up 4.2% of the population. Foreign-born residents account for 3.2% of the population in Springfield, MO, and this percentage has decreased by 8.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		87.4%-4.2%
    % Black
    		2.5%38.9%
    % Hispanic
    		4.2%68.0%
    % Asian
    		2.0%-16.7%
    % Foreign Born
    		3.2%-8.6%
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    Mortgage and Risk — Springfield, MO

    According to HUD data as of 2023, there were 621 mortgage originations in Springfield, MO, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Springfield, MO. Investor activity is low, as 7.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		621
    % Conventional Loans
    		84.0%
    % Government Loans
    		16.0%
    % Investor Loans
    		7.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		9.0%
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    Rentals and Section 8 — Springfield, MO

    As of 2024, the percent of homes in Springfield, MO under the Section 8 program is 3.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Springfield, MO, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		357
    Total Units Section 8
    		357
    % Rentals under Section 8
    		3.9%
    % Occupied Section 8
    		93.2%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$30$750$780
    2 Bedroom$30$950$980
    3 Bedroom-$150$1,500$1,350
    4 Bedroom-$290$1,800$1,510

    Affordability — Springfield, MO

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.2
    Median Home Price$258,000
    Median Household Income$58,300

    Springfield, MO — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Springfield

    65897

    Springfield, MO

    65809

    Springfield, MO

    65810

    Springfield, MO

    65806

    Springfield, MO

    65807

    Frequently Asked Questions