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Expensive
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These days, finding an affordable place to live in the Downtown Springfield area can be challenging. Home prices in Downtown Springfield are now at a median cost of $101,082, lower than the Springfield average of $214,527.
The average cost of rent is $861/mo in Downtown Springfield, primarily driven by the current value of real estate in the Downtown Springfield area. In Downtown Springfield, 93.95% of households rent, and 61.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Springfield is $2,600 per month. Households that rent pay about 33.12% of their income on rent here. Downtown Springfield’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- West Central, Springfield, MO: equally priced homes
- Phelps, Springfield, MO: higher priced homes
- Grant Beach, Springfield, MO: equally priced homes
- Rountree, Springfield, MO: higher priced homes
- Midtown Springfield, Springfield, MO: higher priced homes
- Heart of the Westside, Springfield, MO: equally priced homes
- Fassnight, Springfield, MO: higher priced homes
- Weller, Springfield, MO: higher priced homes
- Westside Community Betterment, Springfield, MO: equally priced homes
- Woodland Heights, Springfield, MO: equally priced homes
Neighborhoods with Similar Populations
- Lettered Streets, Bellingham, WA: higher priced homes
- Central Business District, Louisville, KY: higher priced homes
- Creighton, Richmond, VA: higher priced homes
- Dahlman, Omaha, NE: higher priced homes
- Doffing, Mission, TX: higher priced homes
- Woodside Cotton Mill Historic District, Parker, SC: higher priced homes
- Downtown Elyria, Elyria, OH: higher priced homes
- Downtown Neptune City, Neptune City, NJ: higher priced homes
- Woodhaven, Fargo, ND: higher priced homes
- Woodcrest, Coon Rapids, MN: higher priced homes
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