Housing
Home prices and rent in Springfield
Median home values, rents and incomes from the U.S. Census Bureau, compared with Missouri and the U.S.
Census geography: Springfield city, Missouri. These survey estimates are not current listing prices.
Springfield vs. Missouri and the U.S.
| Springfield | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $177,700 | $230,300 | $332,700 |
| Median rent (monthly) | $964 | $1,033 | $1,413 |
| Median household income | $49,311 | $70,702 | $80,734 |
| Homes owned by occupants | 44% | 68% | 65% |
| Median year built | 1975 | 1978 | 1980 |
Ten years of change
| 2014 | 2019 | 2024 | |
|---|---|---|---|
| Median home value | $106,900 | $118,100 | $177,700 |
| Median rent (monthly) | $668 | $744 | $964 |
| Median household income | $32,473 | $36,856 | $49,311 |
Fair Market Rents (HUD, fiscal year 2027)
Springfield, MO HUD Metro FMR Area · Greene County. HUD's payment benchmarks for housing programs: typical gross rent (rent plus utilities) for a recent mover, not a listing or an asking rent.
Large figures are the metro-area Fair Market Rent.
Income limits (HUD, fiscal year 2026)
Area median family income: $91,400. Households at or under these incomes can qualify for many housing programs; check each program's own rules.
| Household size | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| Low income (80%) | $51,200 | $58,500 | $65,800 | $73,100 | $78,950 | $84,800 | $90,650 | $96,500 |
| Very low income (50%) | $32,000 | $36,600 | $41,150 | $45,700 | $49,400 | $53,050 | $56,700 | $60,350 |
| Extremely low income (30%) | $19,200 | $21,950 | $27,320 | $33,000 | $38,680 | $44,360 | $50,040 | $55,720 |
Source: U.S. Department of Housing and Urban Development, Fair Market Rents and Income Limits, checked October 9, 2026.
Questions
What is the median home value in Springfield?
$177,700, according to the Census Bureau’s 2024 American Community Survey (5-year estimates), compared with $230,300 in Missouri and $332,700 nationally.
How much is rent in Springfield?
Median gross rent (rent plus utilities) is $964 a month, versus $1,033 statewide.
How much have home values risen in Springfield?
The median home value went from $106,900 in 2014 to $177,700 in 2024 (+66%).
What is fair market rent in Springfield?
HUD's fiscal year 2027 Fair Market Rent for the Springfield, MO HUD Metro FMR Area is $908 for a studio, $913 for one bedroom and $1,113 for two bedrooms. These are HUD program benchmarks, not asking rents.
Are these current market prices?
No. They are survey medians from the Census Bureau, based on a five-year survey period, so they lag today’s listings. They are the most consistent way to compare places and track change over time.
U.S. Census Bureau, American Community Survey 5-year estimates (2014, 2019, 2024), Springfield city, Missouri. Values are estimates with margins of error.