Foreclosure Homes in Springfield, MO 65809

Current Market Conditions in Springfield, MO

The real estate market in Springfield has shown resilience and growth in recent years, driven by an influx of new residents attracted to the area's affordable housing and quality of life. Home prices have been steadily increasing, but they remain below the national average, making it an appealing option for first-time buyers and investors alike.

In addition to home sales, rental properties are in demand, contributing to a competitive market. The area has seen a surge in construction of new homes and developments, particularly in neighborhoods that offer modern amenities and good schools.

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.