Real Estate Investing in Springfield, Missouri
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in Springfield, MO? Our answer, based on the numbers below.
For Homebuyers
GREAT FIT
Grade A (91/100)
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
For Investors
MIXED
3.0 / 5
(52/100)
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
Risks to Know
CLEAN
No major risk flags on the data we track.
What’s happening in Springfield, MO?
Click any question — our AI will research it live from the web and show you sources.
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
Avg Investability
★★★★★
Avg Home Value
$116,020
Avg Monthly Rent
$1,351
ZIP Codes
16
Market Trends — Springfield, MO
Home Value History
Rent History
Local Pulse Report
AI-researched developments and news for Springfield, MO. Updated on demand as visitors ask.
Growth & development in Springfield, MO Updated 145 days ago
Springfield, MO is experiencing significant retail and infrastructure development, alongside some job reductions in specific sectors.
Opportunities
- Target opened a new 148,000-square-foot store in the Sunshine Towne Centre in March 2026, anchoring a new retail development. — Expands retail choices and draws more people into the local economy. Springfield Business Journal
- City Utilities broke ground in September 2025 on three new natural gas turbines and 36 MW of battery storage to enhance local power generation. — Strengthens reliable, locally generated power and prepares for future growth. City Utilities of Springfield
- Press Room Equipment (PRE) is investing $6.5 million and adding 10 jobs with a new 32,000-square-foot facility in Partnership Industrial Center West. — Creates new employment opportunities and boosts manufacturing production. Springfield Area Chamber of Commerce
- A new 64-home gated community, Turner's Ranch, is planned for east Springfield, with the first homes expected by late spring 2026. — Increases housing supply with diverse options for residents. Springfield Business Journal
- Fortunoff Backyard Store opened an 11,000-square-foot outdoor furniture showroom in Springfield Commons in April 2026. — Expands retail offerings and consumer choice for home furnishings. FFXnow
Concerns
- City Utilities customers will see electric rate adjustments, with a 3% increase in April 2027 and a 3.6% increase in April 2028. — Imposes increased costs on residents for essential utility services. City Utilities of Springfield
- Timken Belts plans to eliminate 97 jobs at its Springfield factory between March 2025 and March 2026. — Reduces local employment opportunities and economic stability for affected workers. Missourinet
- The City of Springfield's Workforce Development Division faces potential phased reductions of up to 11 positions due to federal grant delays. — Restricts access to workforce training and economic mobility programs for residents. KSMU, Springfield Business Journal
Bottom line: Springfield is experiencing growth in retail and infrastructure, but also faces job reductions in some sectors and increased utility costs.
Local news & events in Springfield, MO Updated 145 days ago
Springfield, MO sees a decrease in overall crime, but faces ongoing challenges with public health issues and environmental contamination concerns.
Opportunities
- Springfield's overall crime rate decreased by 4.7% in 2025 compared to 2024, continuing a multi-year downward trend. — This improves safety and security for residents, expanding their freedom to move about the city. Springfield Police Dept.
- The Springfield Cardinals' home ballpark was renamed Route 66 Stadium, a multi-year agreement with several local entities. — This collaboration creates a new destination, potentially increasing local entertainment options and community pride. Springfield, MO News
- The City of Springfield and Mayor Jeff Schrag are hosting "Mayor's Community Conversations" to strengthen collaboration and improve communication with residents. — These conversations provide residents with a direct avenue to help shape city priorities and address concerns. Springfield, MO News
- The Springfield-Greene County Health Department offers various services including immunizations, STI testing, and well water testing. — These services provide essential health resources, allowing residents to proactively manage their well-being. Springfield-Greene County Health Dept.
Concerns
- A St. Louis Public Radio investigation revealed that the Missouri Department of Natural Resources knew about groundwater contamination in Springfield since the late 1990s, but residents were not notified until 2018. — This delayed notification exposed residents to potential health risks without their knowledge or consent, imposing unconsented costs. St. Louis Public Radio
- Springfield has a higher rate of diabetes than the Ozarks Health Commission Region, Missouri, and the U.S., with a 30% increase since 2019. — This growing health issue can lead to increased healthcare costs and reduced quality of life for a significant portion of the population. CoxHealth
- Substance use and recovery ranked as a top health issue in the Springfield Community, with a drug poisoning mortality rate 25% higher than the national average. — This public health crisis imposes significant costs on individuals, families, and the healthcare system, restricting well-being and safety. CoxHealth
- Nuisance properties remain a significant challenge in Springfield, with 71% of complaints linked to rental properties, often in historic neighborhoods. — These properties can create unsafe living conditions, reduce property values, and pose health and safety hazards for residents. KSMU
- The Springfield-Greene County Health Department, Fire Department, and Sheriff's Office are partnering to warn about the growing presence of highly potent nitazenes in Missouri, including Greene County. — The emergence of these dangerous synthetic opioids increases the risk of overdose and poses a severe threat to public safety and health. Springfield-Greene County Health Dept.
Bottom line: While overall crime rates are down, Springfield faces persistent challenges with environmental contamination, public health crises, and nuisance properties.
Schools in Springfield, MO Updated 145 days ago
Springfield Public Schools recently improved its performance ratings and passed a significant bond measure for facility upgrades, despite facing declining enrollment trends.
Opportunities
- Springfield Public Schools (SPS) earned an 83% Annual Performance Report (APR) score for 2024-2025, up from 78.2% in 2024 and 75.5% in 2023, maintaining full accreditation. — Improved performance ratings indicate a higher quality of education and better outcomes for students. Springfield Public Schools
- In April 2023, Springfield voters approved a $220 million no-tax-rate-increase bond issue (Proposition S) for critical school improvements. — This bond funds significant facility upgrades, enhancing safety, security, and learning environments across the district without raising taxes. Springfield Public Schools
- SPS's graduation rate increased to 99% in 2025, up from 97.3% in 2024 and 96.5% in 2023. — A higher graduation rate signifies more students successfully completing their education and being prepared for future endeavors. Springfield Business Journal
- Student attendance in SPS increased for the third consecutive year, reaching 92.12% in 2025, up from 90.86% in 2022. — Increased attendance suggests greater student engagement and consistent access to educational opportunities. Springfield Business Journal
- SPS offers over a dozen Choice Programs, including International Baccalaureate, Wonders of the Ozarks Learning Facility (WOLF), and academies for fine arts and health sciences. — These diverse programs provide students with expanded learning paths tailored to their interests and career goals. Springfield Public Schools
Concerns
- Springfield Public Schools is ending its GO CAPS career exploration program due to declining enrollment, with participation dropping by nearly 15% since 2023. — The closure of GO CAPS reduces a specialized career exploration opportunity for high school students. Springfield Business Journal
- Springfield Public Schools' overall enrollment is projected to decrease over the next 10 years, with some schools expected to see significant drops. — Declining enrollment can lead to reduced state funding and potential cuts to staff and programs in the future. KY3 News
- In January 2026, the SPS board voted in favor of staff cuts, resulting in 27 employees losing their jobs, due to a $2.3 million deficit from lower enrollment and less revenue. — Staff cuts can negatively impact class sizes, student-teacher ratios, and the continuity of student relationships with educators. KVAL.com
- The Springfield Board of Education voted in January 2024 to close the K-5 elementary section of Pershing School and Robberson Community School. — School closures can disrupt established communities and require students to adjust to new learning environments and peers. Springfield Business Journal
Bottom line: Springfield Public Schools is improving academic performance and investing in facilities, but faces challenges with declining enrollment and associated budget cuts.
Civic & policy in Springfield, MO Updated 145 days ago
Springfield and Greene County have seen significant zoning overhauls and tax changes, aiming to modernize development and fund public services.
Opportunities
- Springfield City Council adopted a new Community Land Development Code in March 2025, updating zoning and subdivision regulations for the first time since 1995. — This update offers more flexibility in land use, allows accessory dwelling units, and aims to create complete neighborhoods with diverse housing. Springfield, MO City Council
- A new citywide zoning map was approved by Springfield City Council on April 7, 2026, consolidating zoning districts and allowing more housing types in some single-family neighborhoods. — This change aligns with the new land development code, promoting diverse housing options like duplexes, townhomes, and apartments. KY3
- Greene County Commission adopted a new zoning ordinance on November 3, 2025, explicitly prohibiting discriminatory zoning and restrictive covenants. — This reaffirms equal housing opportunities for all residents and aligns county regulations with state and federal fair housing laws. City of Battlefield, MO
- Missouri eliminated the state capital gains tax for individuals, effective January 1, 2025. — This could encourage investment in real estate and businesses, making Missouri more attractive for high-net-worth individuals. Governing Magazine
- Springfield voters approved a new ¾-cent sales tax on November 5, 2024, to fund police and fire pensions, salary increases, and capital improvement projects. — This provides essential funding for public safety and community initiatives, including improvements to neighborhoods, streets, and parks. Springfield, MO
Concerns
- Springfield City Council approved new limits on recreational marijuana on April 24, 2023, including possession limits and prohibitions in certain areas. — These regulations impose fines for exceeding possession limits and restrict where marijuana can be consumed or possessed. KSMU
- A state law effective August 28, 2022, eliminated most city restrictions on home-based businesses, including short-term rentals. — This preempts the city's ability to license and restrict aspects like hours of operation or number of customers for home-based businesses. Springfield Business Journal
- Springfield voters will decide on August 4, 2026, whether to repeal an ordinance authorizing eminent domain for a public infrastructure project at 334 N. Main St. — The use of eminent domain can result in property acquisition without voluntary agreement, potentially displacing residents or businesses. Springfield, MO
- Greene County Planning and Zoning recommended denial of a rezoning request for a 600-home development northwest of Springfield on April 21, 2026. — This denial, if upheld, could limit housing supply in the area, with residents citing concerns about infrastructure, traffic, and school overcrowding. KSMU
- Springfield City Council approved a rental inspection pilot program in the West Central neighborhood on November 3, 2025. — While aiming to improve safety, such programs can impose additional costs and regulatory burdens on landlords. Springfield, MO
Bottom line: Springfield and Greene County are actively reshaping land use and taxation, with a focus on modernizing development while addressing community needs and concerns.
AI-generated from public web sources. Always verify with official records. Not financial, legal, or investment advice.
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Best ZIP codes in Springfield, MO
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Landlord Ground Truth
Real numbers from people who own or manage rentals in Springfield, MO. Anonymous, moderated, never written by AI.
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Avg Home Value
$116,020
Avg Monthly Rent
$1,351
1% Rule
✓ Passes
Landlord Friendly (MO)
★★★★★
⚖️
Balanced Market
— Springfield, MO metro
48
Days to pending
9.2%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly
🎓 Colleges & Universities in Springfield
13 Colleges
41,439 Students
4,635 Off-Campus Renters
C+
4-Year Public · 23,418 students
C+
4-Year Public · 11,036 students
📍 ~4,635 students rent off-campus
C+
4-Year Private · 2,157 students
C+
4-Year Private · 1,596 students
C+
4-Year Private · 795 students
C
2-Year For-Profit · 79 students
C
4-Year Private · 377 students
C
Vocational For-Profit · 335 students
C
Vocational For-Profit · 267 students
C
4-Year Private · 241 students
D
Vocational For-Profit · 263 students
D
4-Year Private · 716 students
D
4-Year For-Profit · 159 students
Investor Insight: With 4,635 students living off-campus, Springfield has substantial rental demand from the college population — typically stable, lease-renewing tenants.
Neighborhoods in Springfield
Bingham
16 ZIP codes
Bradford Park
16 ZIP codes
Brentwood
16 ZIP codes
Cooper Park
16 ZIP codes
Delaware
16 ZIP codes
Doling Park
16 ZIP codes
Downtown
16 ZIP codes
Ewing
16 ZIP codes
Fairfield Acres
16 ZIP codes
Fassnight
16 ZIP codes
Grant Beach
16 ZIP codes
Heart of the Westside
16 ZIP codes
Kickapoo
16 ZIP codes
Mark Twain
16 ZIP codes
Meador Park
16 ZIP codes
Midtown
16 ZIP codes
Oak Grove
16 ZIP codes
Parkcrest
16 ZIP codes
Parkwood
16 ZIP codes
Phelps Grove
16 ZIP codes
ZIP Codes in Springfield, MO
65807
Home Value
$236,198
Rent
$1,274/mo
65802
Home Value
$210,777
Rent
$1,109/mo
65803
Home Value
$191,056
Rent
$1,076/mo
65804
Home Value
$269,753
Rent
$1,412/mo
65810
Home Value
$357,716
Rent
$1,496/mo
65806
Home Value
$138,154
Rent
$988/mo
65809
Home Value
$452,673
Rent
$2,100/mo
65897
Home Value
$0
65636
Home Value
$0
65765
Home Value
$0
65801
Home Value
$0
65805
Home Value
$0
65808
Home Value
$0
65814
Home Value
$0
65890
Home Value
$0
65898
Home Value
$0
Screen every ZIP in Springfield
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View PlansFrequently Asked Questions About Springfield, MO
How does Springfield, MO stack up for property investment?
With a 3.0/5 investability score, Springfield, MO ranks as a solid market for rental property investors. Median prices of $116K and rents of $1,351/mo drive the underlying numbers.
Do rentals sit vacant long in Springfield, MO?
Occupancy in Springfield, MO runs predictable with elevated vacancy. Well-priced units at $1,351/mo lease on reasonable timelines.
Is Springfield, MO better for rentals, flips, or BRRRR?
The best-fit strategy in Springfield, MO is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How viable is house hacking in Springfield, MO?
Springfield, MO offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,351/mo rent level.
What are rental rates like in Springfield, MO?
Springfield, MO rentals go for roughly $1,351/mo a month. That puts gross yield in solid territory relative to $116K acquisition costs.
Community Ratings
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