Real Estate Investing in Springfield, Missouri (65806)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 65806 (Springfield, MO)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Lower household income: $26,225 median — tenant affordability is tighter.
What’s happening in Springfield, MO (65806)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 65806 Springfield
ZIP 65806 inside Greene County looks affordable on the surface — median value of $138K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $988/mo on a $138K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 65806 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 65806 among MO's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 65806 ZIP's population of 14,049 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Springfield:
Property Strategy for 65806
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $100,354 | $890 | 6.4% | +9.4% | $100,354 |
| 2BR | $112,982 | $1,100 | 7.0% | +9.6% | $56,491 |
| 3BR | $142,753 | $1,500 | 7.6% | +9.3% | $47,584 |
| 4BR | $179,374 | $1,710 | 6.9% | +6.4% | $44,844 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 65806 Compare?
| Metric | 65806 | Springfield | Springfield, MO | Missouri |
|---|---|---|---|---|
| Home Value | $138,154 | $116,020 | N/A | $254,657 |
| 5-Year CAGR | 6.5% | 6.0% | N/A | 7.0% |
| Avg Rent | $988 | $1,351 | N/A | - |
| Cap Rate | 5.6% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 65806 (Springfield, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $138,154 |
| Monthly Rent | $988 |
| Price-to-Rent | 11.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.6% |
| Cap Rate | 5.6% |
| 5-Year IRR | 12.1% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +9.3% ▲ |
🏠 Rent Trends
| 1-Year | -0.8% ▼ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.6%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 65806
Population: 14,049
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 65806
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BINGHAM ELEM.
PIPKIN MIDDLE
WESTPORT ELEM.
WESTPORT MIDDLE SCHOOL
BISSETT ELEM.
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 4,635 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is MO a landlord-friendly state?
The landlord environment in Springfield, MO is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Can owner-occupants cash flow in Springfield, MO?
Springfield, MO is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $138K price point reasonable to enter.
What is the best play in Springfield, MO?
Springfield, MO investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($138K prices, $988/mo rents) make it a reasonable choice.
Does Springfield, MO make sense for an investment property?
With a 3.0/5 investability score, Springfield, MO ranks as a solid market for rental property investors. Median prices of $138K and rents of $988/mo drive the underlying numbers.
How strong is tenant demand in Springfield, MO?
Springfield, MO draws a predictable base of working renters. Demand at the $988/mo rent level is reasonable for standard single-family and small multi rentals.
You know 65806 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 65806 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 65806 ranks in Springfield, MO
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