The story of this market
The typical home in Springfield, Missouri sells for about $219,855, or $73 per square foot.
Prices are roughly flat from a year ago (+0.9%), a market in balance. Homes take about 15 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $950 a month.
Monthly price momentum
Home values since 2015
+3.7%
MO · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Springfield, Missouri
The Springfield housing market remains competitive with low inventory levels driving steady price growth. While affordability remains a challenge for first-time buyers, the city's stable employment base and ongoing development efforts support a positive long-term outlook.
No ARED county foreclosure postings attributed to Springfield yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).
Deterministic aggregate of 6 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 4.2% year over year.
Homes spend a median of 23 days on market with 0.2 months of supply — a fast-moving market.
1% of listings have cut prices · homes sell at 6.65% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 22.0% — a mixed stability profile.
- College Station Theaters4.70.1 mi
- Urban Air Trampoline and Adventure Park4.23.4 mi
- Chuck E. Cheese44.5 mi
- Jump Mania4.25.7 mi
- 417 Escape Artist4.85.1 mi
- Ozark Empire Fairgrounds(Springfield MO)4.33.1 mi
- Alamo Drafthouse Cinema Springfield4.54.6 mi
- Golden Corral Buffet & Grill4.14.5 mi
- Great Southern Bank Arena4.50.7 mi
- Finley Farms4.613.4 mi
- Wonders of Wildlife National Museum and Aquarium4.81.9 mi
- Fantastic Caverns4.76.6 mi
- Wild Animal Safari - Springfield/Strafford, Missouri4.613.6 mi
- Alamo Drafthouse Cinema Springfield4.54.6 mi
- Dickerson Park Zoo4.53.2 mi
- Wonders of Wildlife National Museum and Aquarium4.81.9 mi
- Finley Farms4.613.4 mi
- Wilson's Creek National Battlefield4.89.5 mi
- Discovery Center of Springfield4.50.2 mi
- Pythian Castle4.11.5 mi
- Dickerson Park Zoo4.53.2 mi
- Nathanael Greene/Close Memorial Park4.93.3 mi
- Wilson's Creek National Battlefield4.89.5 mi
- Sequiota Park4.75.1 mi
- Rutledge-Wilson Farm Park4.74 mi
- Fellows Lake Marina4.58.9 mi
- BigShots Golf Springfield4.72.8 mi
- Rivercut Golf Course4.37.8 mi
- Getaway Golf4.74.6 mi
- Hickory Hills Country Club4.64.3 mi
- Bill & Payne Stewart Golf Course4.33.4 mi
- Battlefield Mall4.23.5 mi
- Hy-Vee Grocery Store4.62.9 mi
- Hy-Vee Grocery Store4.53.7 mi
- Ross Dress for Less4.24.2 mi
- T.J. Maxx4.34.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A historic park featuring walking trails, a cave, and a lake, serving as a popular destination for outdoor recreation.
A major regional zoo that attracts families and tourists, contributing to the city's quality of life.
The city's central business district, offering a high concentration of restaurants, nightlife, and cultural venues.
A large community park providing sports facilities, a swimming pool, and picnic areas for residents.
Springfield is well-suited for families seeking affordable housing, students and faculty associated with the local university, and investors looking for steady rental demand. The city's lower cost of living compared to national averages makes it an attractive entry point for first-time homebuyers.
The city is primarily served by the Springfield R-XII School District, which offers a diverse range of educational programs. While some schools perform well, overall district ratings vary significantly across different neighborhoods.
The city is served by a network of highways including I-44 and US-65, facilitating regional connectivity. Public transit is provided by City Utilities, though the commute profile remains heavily reliant on personal vehicles.
Springfield offers a robust amenity base including the extensive park system, the Dickerson Park Zoo, and various trails. The downtown area provides a central hub for dining, shopping, and cultural entertainment.
The rental market is characterized by high demand, particularly near Missouri State University, with a mix of older stock and newer multifamily developments. Vacancy rates remain low, though some older rental housing stock is reported to be substandard.
The economy is anchored by healthcare systems like CoxHealth and Mercy, alongside Missouri State University. The industry mix is stable, with ongoing efforts to attract manufacturing and technology firms to the region.
Springfield serves as a regional economic hub with major employers in healthcare, education, and manufacturing. Development momentum is focused on revitalizing the downtown core and expanding infrastructure to support a growing population.
Current planning efforts are focused on addressing the housing supply mismatch and promoting more diverse residential zoning. Major projects include infrastructure upgrades to support projected population growth.
Parcels are subject to various special districts including school, library, and fire protection districts. Some areas may fall under specific tax increment financing (TIF) districts for development purposes.
Springfield experiences higher rates of property and violent crime compared to the national average and regional peers. Local law enforcement continues to focus on community-based policing initiatives to address these persistent trends.
The area is susceptible to severe weather, including tornadoes and high winds, which influences local insurance premiums. Flood risks are generally localized to specific low-lying areas near regional waterways.
Property insurance premiums are influenced by the region's exposure to severe weather events. Market health is stable, though homeowners are encouraged to maintain adequate coverage for wind and hail damage.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Missouri) — Occupancy Law Property Tax Proration: Allows for the assessment and taxation of newly constructed residential property starting the first month following occupancy, and pro rata removal from tax rolls for improvements destroyed by natural disaster. State (Missouri) — Residential Property Tax Assessment: Residential property is assessed at 19% of its true market value. The formula is: (Market Value * 0.19) * Local Tax Rate = Annual Tax Liability.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from data.census.gov; figures represent city-level estimates.
The federal school roster could not be retrieved on the last refresh — no list is shown rather than an unverified one. Source: NCES EDGE public school locations 2023-24.