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Springfield R-XII

Learn about the people, housing, costs and businesses in Springfield R-XII, Missouri

Median Home$209,421
Median Rent$1,037/month
Population219,947
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services13% healthcare
Home Value Growth⬆⬆+13.2% over 2 years
Young Adults35% of residentstop 4% nationally
Homeowners52% of occupied units
NotableHighly Educated22% hold a bachelor's degree · top 24% nationally
Springfield R-XII
MO

Explore Springfield R-XII

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Springfield R-XII?

As of today, the 30-year fixed mortgage rate for Springfield R-XII is approximately 7.002% (7.042% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Springfield R-XII?

The median home value in Springfield R-XII is $209k. The median monthly rent is $1,037. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Springfield R-XII?

Home values in Springfield R-XII have increased 13.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Springfield R-XII?

Based on a typical all-in ownership cost of $1,013/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Springfield R-XII is $60k/year.

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What industries drive the economy in Springfield R-XII?

The largest employment sectors in Springfield R-XII are public administration (25%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.