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Springfield, MO Real Estate


According to census data in the year 2000 there were 69,877 housing units in Springfield. This represents a 11.9% growth from 62,472 in 1990.

Of those housing units, 69,646 were located in either urbanized areas or urban clusters, and 231 were located in what is classified as a rural area.

Homeownership rate in Springfield is about 53.6%. Springfield's vacancy rate, including seasonal lodging, is about 7.2%. Average household size is 2.17 people.

The majority of houses, apartments or condos in Springfield were built after 1970.

Statistics

Housing Size

Housing Units by Size
Studio Type2.80%
One Bedroom14.60%
Two Bedrooms35.40%
Three Bedrooms37.30%
Four Bedrooms7.90%
Five Bedrooms or more2%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.31
Median year structure was built1967
Median Value of occupied units$79,800
Median Price asked for vacant units$64,400

Rented Homes, Apartments and Condos

Average Household Size2.02
Median year structure was built1973
Median Monthly Rent asked for vacant units$370

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.10%
Second Mortgage6.30%
Home Equity Loan6%
Simple Mortgage51.10%
Debt Free36.50%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs16%