Springfield Metro Area, MO Housing

The housing market in Springfield, MO Metro Area is very strong. The median value for homes in the area is $228,400, which is significantly lower than the national median value of $338,100. Additionally, Springfield's house appreciation rate over the last year has been 13.69%, which is higher than the national rate of 8.27%. This indicates a healthy and robust housing market in Springfield where home values are consistently increasing. Overall, buying a home in this area can be a great investment!

The median home cost in Springfield Metro Area is $228,400. Home appreciation the last 10 years has been 93.7%. Home Appreciation in Springfield Metro Area is up 21.0%.

Average Age of Homes

- The median age of Springfield Metro Area real estate is 32 years old

The Rental Market in Springfield Metro Area

- Renters make up 32.8% of the Springfield Metro Area population
- 1.3% of houses and apartments in Springfield Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Springfield, Missouri	United States
	206,737.0	139,647,020.0
	34	42
	$228,400	$338,100
	21.0%	16.6%
	68.8%	57.0%
	93.7%	101.1%
	$7.86	$10.98
	$1,304	$2,690
	59.1%	57.4%
	6.2%	11.2%
	34.7%	31.4%
Vacant Housing
	1.3%	1.9%
	0.3%	0.4%
	0.5%	0.7%
	0.4%	0.4%
	0.7%	3.6%
	3.0%	4.1%
Value of Owner-Occupied Housing
	3.0%	2.6%
	2.1%	2.4%
	3.0%	2.8%
	4.7%	3.9%
	7.6%	4.5%
	22.6%	11.3%
	20.2%	13.0%
	21.3%	20.1%
	8.2%	13.6%
	3.5%	8.3%
	2.6%	9.7%
	0.6%	3.9%
	0.3%	2.2%
	0.1%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	18.2%	13.6%
	18.2%	13.6%
	19.3%	13.6%
	13.2%	13.2%
	16.4%	14.8%
	19.3%	13.6%
	5.9%	10.0%
	2.9%	4.7%
	8.4%	12.2%

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