Springfield, MO housing market
Typical home value
$244K
▲ 3.1% 1 yr
Typical rent
$1,192/mo
▲ 6.0% 1 yr
Gross rent yield
5.9%
U.S. 6.3%
5-year home value change
+31%
U.S. +20%
Key takeaways
- 1The typical home in Springfield is worth $243,597, up 3.1% over the past year and up 31% over five years.
- 2Typical rent is $1,192 a month (+6.0% YoY), a gross rent yield of 5.9% (above the Springfield, MO metro's 5.5%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,339/mo, $147 more than typical rent.
- 4Zillow forecasts the Springfield, MO metro's home values to change +2.4% over the next 12 months.
Market temperature (Springfield, MO metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 40/100, #271 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Springfield compares
| Measure | Springfield | Springfield, MO metro | United States |
|---|---|---|---|
| Typical home value | $243,597 | $270,546 | $366,157 |
| Home value, 1-yr change | +3.1% | +3.2% | +1.2% |
| Typical rent | $1,192 | $1,251 | $1,932 |
| Rent, 1-yr change | +6.0% | +5.5% | +2.7% |
| Gross rent yield | 5.9% | 5.5% | 6.3% |
| Price-to-rent ratio | 17.0 | 18.0 | 15.8 |
| Mortgage P&I, typical home | $1,339 | $1,487 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Springfield rental, pre-filled.
Rent vs buy in Springfield
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $244K home.
Other cities in the Springfield, MO metro
Ozark, MO
$322K home$1,566 rent
▲ 2.1% 1 yr
Nixa, MO
$324K home$1,582 rent
▲ 2.6% 1 yr
Republic, MO
$270K home$1,393 rent
▲ 2.8% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.