Rent to own Homes in Springfield, MO
Springfield, Missouri is the seat of Greene County. With an approximate population of 436,712, this metropolis offers a fascinating blend of urban scenes, sprawling Ozark hills, a treasure trove of history, local sports, as well as festivals and other recreational events. Moreover, the city is known for its climate - with four varied and distinct seasons, the weather never gets confusing here.
Springfield, MO is a great place for affordable rent-to-own homes! With a median household income of over $37,491 and a median rent of $760, the Springfield, MO rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Springfield, MO. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Springfield, MO Property Resources
Rent to own Homes in Cities Near Springfield, MO
- Ash Grove
- Battlefield
- Billings
- Bois D Arc
- Bolivar
- Brighton
- Brookline
- Bruner
- Chadwick
- Clever
- Elkland
- Fair Grove
- Fordland
- Fremont Hills
- Goodnight
- Half Way
- Halltown
- Highlandville
- Hurley
- Morrisville
- Nixa
- Oldfield
- Ozark
- Pleasant Hope
- Ponce De Leon
- Republic
- Rogersville
- Sparta
- Spokane
- Springfield
- Strafford
- Walnut Grove
- Willard
Neighborhoods in Springfield, MO
Midtown rent to own homes Mission Hills rent to own homes National Place rent to own homes Rountree Area rent to own homes Sheman Ave. Project Area rent to own homes Cinnamon On The Hill rent to own homes Cinnamon Square rent to own homes Cooper Estates rent to own homes Fairfield Acres rent to own homes Fox Grape rent to own homesBuying a Home in Springfield, MO
Springfield, MO is seeing rapid growth and Springfield, MO's' housing market remains optimal with an average home price that is -44% below the 2024 national average. Springfield, MO is part of Greene county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Greene is 0.77% which is below the national average, which is 0.99%.
Median Home Price in Springfield, MO
Median Rent in Springfield, MO
Top Reasons to Live in Springfield MO
Housing Statistics There's been approximately 8500 home sales transaction in Springfield in 2012 with an average median home sale price of $109,200, which is lower than the state value of $136,900. Recently, the number of homes sold is 6,541. In terms of housing stability, it is important to note that Springfield has an annual residential rate of 22 percent, with a good 33 percent of its population who've been a resident to this city for 5+ years. Out of approximately 69,754 housing units in Springfield, 9.09 percent are vacant, 50.88 percent are owned, and 49.12 percent are rented. With a good percentage of houses that are vacant, it is fairly east to find rent to own houses in this city.
Local Sports Being the home of the Missouri Sports Hall of Fame, sports are intricately woven in this city's affairs. For example, teams such as, Springfield Cardinals, Springfield Wolfpack, and Missouri Thrill call this city home. Moreover, college sports events generate much attention and exuberance in Springfield. Venues like JHQ Arena and O'Reilly Family Events Center play host to basketball matches between teams like Missouri State University Bears and Drury State University Panthers. The city's wealth of sporting facilities have made it an ideal host to professional, semi-professional, and amateur tournaments and sporting events, like the Price Cutter Charity Championship, Lake Country Soccer, ACHA Hockey, and NCHC Basketball matches, to name a few.
Local Events and Festivals There's never any shortage of local events and festivals in Springfield. In fact, a full range of activities keep the city's event calendar filled all year round - art fairs, concerts, harvest festivals, events celebrating the Ozark culture - name it, it's all here. Examples of widely celebrated events in Springfield are: Ozark Empire Fair, Walnut Street Arts Fest, Annual Japanese Fall Festival, Cider Days, Missouri Literary Festival, Marshfield Harvest Days, Antiques Festival of the Ozarks, Springfield Festival of Lights, and First Night Springfield. With the wealth of local festivals this city has, there's always something that's bound to grab everyone's interest.
Springfield, MO Neighborhood Different areas of a city have its own unique character and charm. Deciding which neighborhood to live in is just as important as finding the right home. Here are basic information on Springfield's different communities to help you make the right choice for rent to own houses or for sale properties: