The housing market in 65803 Springfield, MO is thriving. The median value of a house in the area is 156,600 dollars, which is significantly lower than the US median value of 338,100 dollars. However, the 1-year house appreciation rate for the area is 11.50%, which is much higher than the US average of 8.27%. This indicates that the housing market in Springfield is strong and that values are continuing to increase at an accelerated rate.
The median home cost in Springfield (zip 65803) is $156,600. Home appreciation the last 10 years has been 95.2%. Home Appreciation in Springfield (zip 65803) is up 21.6%.
Average Age of Homes
- The median age of Springfield (zip 65803) real estate is 43 years old
The Rental Market in Springfield (zip 65803)
- Renters make up 41.3% of the Springfield (zip 65803) population
- 2.2% of houses and apartments in Springfield (zip 65803), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.