Springfield, MO

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Springfield short-term rental market based on reliable data.

Listings

572 / 1004

Reliable / Active

Cap Rate

11%

Middle-Earners Gross Yield

Revenue

$28,063

Middle-Earners Revenue

Occupancy

69%

Middle-Earners Occupancy

Home Value

$247,377

Median Home Sale Price

Top Earners

$52,453

Top-Earners Revenue

Springfield

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Springfield.

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B

Generally Investor friendly

Springfield Regulations

Springfield explicitly allows STRs across most zoning categories with a clear online permitting portal and predictable compliance process; however, Type 2 permits carry a higher fee ($715 planning + inspections), special‑permit and neighborhood meeting requirements, a 500‑foot separation rule, and a longer 8–12 week review timeline, creating moderate barriers that still support professional investment.

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About Springfield

Springfield, Missouri sits in Greene County in the southwestern part of the state, and with a population of roughly 170,000, it is Missouri's third-largest city. Often called the "Queen City of the Ozarks," it functions as the commercial and cultural hub of the broader Ozarks region, a place where rolling hills, forested ridges, and a steady stream of Route 66 heritage shape the local identity. The city is best known as a gateway to the lakes, forests, and live-entertainment venues of southern Missouri and northern Arkansas, and it lies roughly 215 miles southwest of St. Louis and about 215 miles southeast of Kansas City.

For travelers with an interest in history, Wilson's Creek National Battlefield sits just southwest of the city, about a 15-minute drive. The site preserves the landscape of one of the Civil War's first major engagements west of the Mississippi, with a network of paved and gravel roads that wind past monuments, fields, and the restored Ray house. It doubles as a quiet, leafy walking spot for visitors who want both a meaningful history lesson and a taste of the surrounding Ozark terrain.

Closer to town, Fantastic Caverns offers a 55-minute ride through a large limestone cave system on a jeep-drawn tram. It is the only cave in the United States accessed entirely by a no-walking tour, and the drive from central Springfield is roughly ten minutes. The temperature inside holds around 60 degrees year-round, which can be a relief during Missouri's humid summers.

About forty-five minutes south of Springfield, Branson anchors the entertainment side of the regional tourism market. The strip along Highway 76 is lined with live music theatres, family attractions, and the sprawling shoreline of Table Rock Lake, drawing millions of visitors each year. Many travelers pair a few nights in Springfield with day trips into Branson, using the larger city's lodging and dining base to explore both markets.

Back in town, the Wonders of Wildlife National Museum & Aquarium, developed by Bass Pro Shops founder Johnny Morris, anchors the evolving downtown and University District. It has been recognized in national travel surveys as a leading U.S. aquarium experience, and it sits within walking distance of breweries, local restaurants, and the historic Route 66 corridor that runs straight through the city's commercial core.

With its central regional location, year-round attractions, and a steady flow of both road-trippers and Ozarks-bound visitors, Springfield offers a balanced foundation for short-term rental investment, blending urban amenities with easy access to some of the most-visited destinations in the southern Midwest.

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