Property Prices in Springfield, MO, United States

Index Info
Price to Income Ratio: 2.95
Mortgage as Percentage of Income: 26.70%
Loan Affordability Index: 3.75
Price to Rent Ratio - City Centre: 8.72
Price to Rent Ratio - Outside of Centre: 11.13
Gross Rental Yield (City Centre): 11.47%
Gross Rental Yield (Outside of Centre): 8.98%
Rent Per Month
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Apartment (1 bedroom) in City Centre 925.00 $ 800.00-1,200.00
Apartment (1 bedroom) Outside of Centre 821.67 $ 565.00-1,150.00
Apartment (3 bedrooms) in City Centre 1,633.33 $ 1,500.00-1,700.00
Apartment (3 bedrooms) Outside of Centre 1,065.00 $ 800.00-1,200.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 162.02 $ 162.02-162.02
Price per Square Feet to Buy Apartment Outside of Centre 162.02 $ 162.02-162.02
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,952.19 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.63 6.00-7.04

These data are based on 57 entries in the past 18 months from 23 different contributors.
Last update: December 2024

Sources and References
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