According to statistics, the population in Springfield, MO amounts to 165,785, which shows decline 0% compared to the previous year. The median age of the city’s residents is 33. The average household income is $34,775, shifting growth 3% from the past year, and the average property value in Springfield, MO growth 2% to $111,600 throughout the year.
|Number Of Employees||80,119|
|Median Property Value||$111,600|
The average household income in Springfield, MO grew from $33,769 to $34,775 in the past year. This data is an estimate based upon 72,765 households in Springfield, MO . The chart below presents how household income is distributed in Springfield, MO in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Springfield, MO shifted from $109,500 to $111,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Springfield, MO in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Springfield, MO properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Springfield, MO compared to median property taxes around the country. The prevalent amount of property taxes in Springfield, MO equals $1150, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$65,940||-87.8%|
|1 bed for sale||$74,140||N/A|
|2 bed for sale||$277,752||+103.1%|
|3 bed for sale||$228,791||+5.1%|
|4+ bed for sale||$365,629||-1.5%|
During Jul 2022, the average price for an apartment in/near Springfield, MO increased by 6% to $273,709.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $74,140 with no changes this month. Asking price for 2-bed apartment also increased by 103.1% and a place of this size will now cost you $277,752. A 3-bed apartment goes for $228,791, it increased by 5.1% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 1.5% and made it down to $365,629.
|Listing Type||Jul||vs Last Month|
|Land for sale||$266,934||+117.2%|
|Houses for sale||$274,702||+7.6%|
|Other for sale||$250,000||-4.7%|
|Condos for sale||$243,266||+15.7%|
|Duplexes for sale||$871,362||N/A|
Price reports demonstrate that house price increased by 7.6% this month making it up to $274,702. Condos are really in demand in this season. The median price for a condo increased by 15.7%, it’s now available for $243,266. An average value of duplex is $871,362, thus a median price for a duplex remains the same this month.