Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Springfield area can be challenging. Home prices in Springfield are now at a median cost of $156,426, lower than the Missouri average of $194,908.
The average cost of rent is $870/mo in Springfield, primarily driven by the current value of real estate in the Springfield area. While nearly 43.49% of residents own their homes outright in Springfield, 47.21% rent.
Housing affordability isn’t just about home prices, though. The average household income in Springfield is $4,453 per month. Households that rent pay about 19.54% of their income on rent here. Springfield's most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Brookline Station, MO: higher priced homes
- Battlefield, MO: higher priced homes
- Valley Water Mills, MO: higher priced homes
- Fremont Hills, MO: higher priced homes
- Nixa, MO: higher priced homes
- Republic, MO: equally priced homes
- Strafford, MO: higher priced homes
- Ozark, MO: higher priced homes
- Rogersville, MO: higher priced homes
- Linden, MO: higher priced homes
Cities with Similar Populations
- Midland, TX: higher priced homes
- Mobile, AL: higher priced homes
- Milpitas, CA: higher priced homes
- Miami, FL: higher priced homes
- Miami Gardens, FL: higher priced homes
- Melbourne, FL: higher priced homes
- Midlothian, VA: higher priced homes
- Missouri City, TX: higher priced homes
- Missoula, MT: higher priced homes
- McDonough, GA: higher priced homes
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