Springfield, MO

Metro area in Missouri · Updated Jan 2026

12-Month Forecast ↑ +2.3%

Median Home Value

$259,517

↑ +1.5%

Year-over-year

Median Rent

$1,281/mo

↑ +4.5%

Year-over-year

Rental Yield

5.9%

Good for investors

5-Year Appreciation

+42.8%

Income Needed to Buy

$63,078

20% down, 30% DTI max

Active Listings

1,908

For-sale inventory

Price-to-Rent Ratio

16.9

Neutral market

Price Forecast

1 Month

↑ +0.4%

3 Months

↑ +0.7%

12 Months

↑ +2.3%

5-Year Price Trend

Calculate your mortgage for Springfield, MO

See monthly payments for a $259,517 home →

Should you rent or buy in Springfield, MO?

Price-to-rent ratio: 16.9x — It depends on your timeline. Run a full breakeven analysis with Springfield, MO numbers pre-filled →

Frequently Asked Questions