Real Estate Investing in Springfield, Missouri (65803)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 65803 (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 (65803)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 65803 Springfield
Not every below-median market is a bargain. Springfield's 65803 ZIP comes in at signals that favor experienced operators who can absorb the risk $191K pricing implies.
The 65803 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 65803 and stronger Springfield ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 65803 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Springfield's stable or hybrid ZIPs before stepping into 65803. 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 65803
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $77,612 | $850 | 7.9% | +9.6% | $77,612 |
| 2BR | $114,582 | $1,060 | 6.7% | +9.7% | $57,291 |
| 3BR | $195,789 | $1,450 | 5.3% | +8.3% | $65,263 |
| 4BR | $308,117 | $1,650 | 3.9% | +7.9% | $77,029 |
| 5BR | $387,006 | — | — | +7.6% | $77,401 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 65803 Compare?
| Metric | 65803 | Springfield | Springfield, MO | Missouri |
|---|---|---|---|---|
| Home Value | $191,056 | $116,020 | N/A | $254,657 |
| 5-Year CAGR | 6.5% | 6.0% | N/A | 7.0% |
| Avg Rent | $1,076 | $1,351 | N/A | - |
| Cap Rate | 4.4% | 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 65803 (Springfield, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $191,056 |
| Monthly Rent | $1,076 |
| Price-to-Rent | 14.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 Rent Trends
| 1-Year | -0.4% ▼ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.4%). 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 65803
Population: 43,159
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 65803
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
How quickly do rentals get leased in Springfield, MO?
Springfield, MO carries elevated vacancy risk. Expect consistent absorption at market rents of $1,076/mo.
How strong are rents in Springfield, MO?
Investors in Springfield, MO typically see rents near $1,076/mo per month against $191K home values - a solid setup for rental cash flow.
What strategy should investors use in Springfield, MO?
A careful cash-flow rentals with hands-on management strategy Springfield, MO best. The market produces stable results for that approach at the $191K price point.
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 $1,076/mo are well-absorbed by the market.
Is Springfield, MO a good market for buy-and-hold investors?
Our data puts Springfield, MO at 3.0/5 for investability. Home prices of $191K and rents around $1,076/mo create a solid backdrop for investor activity.
You know 65803 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 65803 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 65803 ranks in Springfield, MO
Every ZIP in this metro, ranked. Free.
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