Property Prices in Springfield, MO, United States

Index Info
Price to Income Ratio: 3.03
Mortgage as Percentage of Income: 26.27%
Loan Affordability Index: 3.81
Price to Rent Ratio - City Centre: 8.54
Price to Rent Ratio - Outside of Centre: 11.10
Gross Rental Yield (City Centre): 11.71%
Gross Rental Yield (Outside of Centre): 9.01%
Rent Per Month
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1 Bedroom Apartment in City Centre $1,006.67 900.00-1,140.00
1 Bedroom Apartment Outside of City Centre $771.40 624.00-1,150.00
3 Bedroom Apartment in City Centre $1,637.75 1,500.00-1,870.00
3 Bedroom Apartment Outside of City Centre $1,268.25 1,140.00-1,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre $166.74 162.02-168.99
Price per Square Feet to Buy Apartment Outside of Centre $166.74 162.02-168.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) $2,964.33
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.12 6.00-6.50

These data are based on 63 entries from 14 contributors over the past 18 months.
Last update: 5 June 2026

Sources and References
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