Foreclosure Homes in Springfield, MO 65802

Current Market Conditions in Springfield, MO

The real estate market in Springfield has shown steady growth, with home values appreciating at a consistent rate over the past few years. This growth is indicative of an area that is becoming increasingly desirable for both homeowners and investors.

As demand for housing increases, particularly among first-time buyers and families, investors can find lucrative opportunities in both residential and commercial properties. The city's affordable price range compared to state and national averages makes it an attractive option for real estate investment.

Rent Prices In Springfield, MO

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Springfield, MO, is on a rollercoaster ride. The average rent price in Springfield, MO, is $916.00. Indeed, when looking to rent in Springfield, MO, you can expect to pay as little as $400.00 or as much as $1,980.00, with the average rent median estimated to be $960.00. The good news is that finding an affordable and desirable property to rent in Springfield, MO -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.