Real Estate Investing in Springfield, Missouri (65809)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 65809 (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 (65809)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 65809 Springfield
Not every below-median market is a bargain. Springfield's 65809 ZIP clocks in at signals that favor experienced operators who can absorb the risk $453K pricing implies.
Rent of $2,100/mo on a $453K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 65809 sits below the stated 0.0% once reality is priced in.
Within MO, ZIP 65809 trails on several market indicators that neighboring Greene County submarkets outperform. The gap is real and resilient enough to shape underwriting.
The demographic picture in 65809 includes headwinds that any investor should price in. Income distribution skews lower than Springfield averages, and tenant stability requires active management.
Strategy in 65809 is an operator game, not a passive one. On balance, entry prices of $453K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Springfield:
Property Strategy for 65809
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $276,119 | $1,160 | 3.0% | +7.1% | $138,060 |
| 3BR | $338,747 | $1,590 | 3.4% | +7.4% | $112,916 |
| 4BR | $463,605 | $1,800 | 2.8% | +7.2% | $115,901 |
| 5BR | $583,535 | — | — | +7.3% | $116,707 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 65809 Compare?
| Metric | 65809 | Springfield | Springfield, MO | Missouri |
|---|---|---|---|---|
| Home Value | $452,673 | $116,020 | N/A | $254,657 |
| 5-Year CAGR | 5.2% | 6.0% | N/A | 7.0% |
| Avg Rent | $2,100 | $1,351 | N/A | - |
| Cap Rate | 3.6% | 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 65809 (Springfield, MO). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 65809 (Springfield, MO)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $452,673 |
| Monthly Rent | $2,100 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). 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 65809
Population: 11,228
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
🎓 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 expensive is real estate in Springfield, MO?
Median home price in Springfield, MO is near $453K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
What is the smart move for investors in Springfield, MO?
In Springfield, MO the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $453K prices and $2,100/mo rents suits that approach.
Is it easy to find good tenants in Springfield, MO?
The renter base in Springfield, MO is reasonable for the $2,100/mo price point. Screening well and pricing to market typically yields consistent tenants.
Is Springfield, MO suited for a house hack?
The a challenging house-hack environment in Springfield, MO reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How high is vacancy risk in Springfield, MO?
Springfield, MO carries elevated vacancy risk. Expect predictable absorption at market rents of $2,100/mo.
You know 65809 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 65809 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 65809 ranks in Springfield, MO
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 65809 (Springfield)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 65809 (Springfield, MO).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.