Springfield, MO Housing Market: Home Prices & Rent
Springfield, MO home values since 2000
Last few years
Rent in Springfield, MO
Owning vs renting, monthly
Buying the typical Springfield, MO home with 20% down at this week's 7.32% 30-year rate costs about $1,825/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,251/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
Springfield, MO vs Missouri vs the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| This metro | $271k | +3.2% | $1,251/mo |
| Missouri | $265k | +3.4% | - |
| United States | $366k | +1.2% | $1,932/mo |
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Common questions
Are home prices falling in Springfield, MO?
No - the typical Springfield, MO-area home value is up 3.2% over the past 12 months, at $271k (September 2026).
Is the Springfield, MO housing market crashing?
Home values are close to their 2020s high and up 3.2% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Springfield, MO?
Typical rent in the Springfield, MO metro is $1,251 a month (September 2026), +5.5% over 12 months.
How much income do you need to buy a home in Springfield, MO?
About $74k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).
Nearby and similar metros
St. Louis, MO · Kansas City, MO · Wausau, WI · Syracuse, NY · Manhattan, KS · Ocala, FL
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Springfield, MO metro area. How we calculate.