Real Estate Investing in Springfield, Missouri (65802)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 65802 (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.
No major risk flags on the data we track.
What’s happening in Springfield, MO (65802)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 65802 Springfield
Not every below-median market is a bargain. Springfield's 65802 ZIP stands at signals that favor experienced operators who can absorb the risk $211K pricing implies.
Rent of $1,109/mo on a $211K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 65802 sits below the stated 0.0% once reality is priced in.
Turning to rents, 65802 offers a low basis, the region around Springfield has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 65802 ZIP's population of 46,005 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
New investors are better served looking at Springfield's stable or hybrid ZIPs before stepping into 65802. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Springfield:
Property Strategy for 65802
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $80,866 | $790 | 7.0% | +10.1% | $80,866 |
| 2BR | $120,536 | $980 | 5.9% | +10.2% | $60,268 |
| 3BR | $213,371 | $1,340 | 4.5% | +9.1% | $71,124 |
| 4BR | $323,937 | $1,520 | 3.4% | +7.3% | $80,984 |
| 5BR | $483,173 | — | — | +7.5% | $96,635 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 65802 Compare?
| Metric | 65802 | Springfield | Springfield, MO | Missouri |
|---|---|---|---|---|
| Home Value | $210,777 | $116,020 | N/A | $254,657 |
| 5-Year CAGR | 6.7% | 6.0% | N/A | 7.0% |
| Avg Rent | $1,109 | $1,351 | N/A | - |
| Cap Rate | 4.1% | 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 65802 (Springfield, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $210,777 |
| Monthly Rent | $1,109 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 Rent Trends
| 1-Year | -0.6% ▼ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +4.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). 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 65802
Population: 46,005
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 65802
Schools in This ZIP Code
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
What is the typical vacancy rate in Springfield, MO?
Springfield, MO vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How deep is the rental pool in Springfield, MO?
The tenant pool in Springfield, MO is solid, supported by local employment and population fundamentals. Rents of $1,109/mo are well-absorbed by the market.
Is Springfield, MO good for landlords?
For rental operators, Springfield, MO rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How much is rent in Springfield, MO?
Rents in Springfield, MO run near $1,109/mo. Compared with median home prices of $211K that produces solid gross yields for typical rentals.
Does house hacking work in Springfield, MO?
House hacking works a challenging in Springfield, MO. Rents of $1,109/mo against $211K acquisition make the strategy solid for owner-occupants.
You know 65802 now. You don’t know where it ranks.
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How 65802 ranks in Springfield, MO
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