Housing in Springfield
Detailed housing data — sourced from authoritative datasets and normalized for direct comparison.
Housing in Springfield, Missouri
The housing market in Springfield is a significant draw for its affordability, with the median home value estimated at $208,223 in 2026, considerably lower than the national average. For renters, the average monthly rent is around $1,121 as of March 2026. One-bedroom apartments typically range from $750 to $1,050 per month, while two-bedroom units average between $950 and $1,400. The market offers a variety of options, from historic downtown lofts to suburban family homes, making both renting and buying accessible for a wide range of budgets.
Housing
About Springfield, Missouri
Springfield, Missouri, often called the "Queen City of the Ozarks" and the "Birthplace of Route 66," is the third most populous city in the state, blending a small-town atmosphere with the amenities and energy of a college town. Located in the southwest corner of Missouri, it serves as a regional hub for healthcare, education, and commerce. The city is known for its natural beauty, offering easy access to the Ozarks' outdoor activities and a community-first approach to development. Springfield's strategic location and growing economy make it an attractive destination for individuals and families seeking a balance of urban conveniences and a lower cost of living.
About Missouri
Missouri, known as the "Show-Me State," offers a diverse landscape from the Ozark Mountains to the Missouri River, characterized by a continental climate with hot, humid summers and cold winters, experiencing all four seasons. Its economy is highly diversified, with major industries including agriculture, manufacturing (especially transportation equipment and food processing), financial services, and a growing presence in high-tech fields like agtech and cybersecurity. Living in Missouri is generally affordable, consistently ranking among the states with the lowest cost of living, with housing costs significantly below the national average. The lifestyle offers a blend of urban amenities in cities like St. Louis and Kansas City, known for their arts, music, and professional sports, alongside abundant outdoor recreation opportunities.