Is Springfield, MO a Good STR Investment in 2026?
878 active listings
Top Market
Median Price
$251,292
STR Revenue/mo
$2,185
Cap Rate
4%
1Y Appreciation
1.9%
Avg Nightly Rate
$129
Market Score
99.3/100
Market Overview
Springfield, MO presents a strong opportunity for real estate investors in 2026, with a market score of 99.3 out of 100. The median home price sits at $251,292 with average short-term rental revenue of $2,185 per month, yielding a 4% cap rate.
Short-Term Rental Performance
Short-term rental hosts in Springfield average $2,185 in monthly revenue with a 63.8% occupancy rate. This translates to approximately $26,220 in annual gross revenue for a typical listing. The average nightly rate is $129.
Investment Analysis
Assuming a 20% down payment at 7% interest on a $251,292 property, your monthly mortgage would be approximately $1,337. After accounting for mortgage, taxes, and insurance, the estimated monthly cash flow for an STR is -$509.
The long-term rental market shows potential with median rents at $1,300 per month. Year-over-year home value appreciation of 1.9% adds equity growth to your total return.
Our Verdict
Springfield ranks among the top investment markets with a score of 99.3/100.