Property Prices in Springfield, MO, United States

Index Info
Price to Income Ratio: 3.05
Mortgage as Percentage of Income: 26.93%
Loan Affordability Index: 3.71
Price to Rent Ratio - City Centre: 8.57
Price to Rent Ratio - Outside of Centre: 11.82
Gross Rental Yield (City Centre): 11.67%
Gross Rental Yield (Outside of Centre): 8.46%
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 727.80 $ 565.00-1,150.00
3 Bedroom Apartment in City Centre 1,625.00 $ 1,500.00-1,870.00
3 Bedroom Apartment Outside of City Centre 1,183.75 $ 900.00-1,500.00
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) 2,941.00 $
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.33 6.00-6.80

These data are based on 83 entries from 28 contributors over the past 18 months.
Last update: 3 December 2025

Sources and References
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