Springfield, MO

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

552 / 1015

Reliable / Active

Cap Rate

12%

Middle-Earners Gross Yield

Revenue

$27,819

Middle-Earners Revenue

Occupancy

68%

Middle-Earners Occupancy

Home Value

$238,992

Median Home Sale Price

Top Earners

$50,769

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, often referred to as the "Queen City of the Ozarks," is the third-largest city in the state, with a population of approximately 170,000 as of the latest census. Nestled in the southwestern region of Missouri, Springfield is about 220 miles away from St. Louis, the closest major city.

The city's vibrant culture, historical landmarks, and numerous attractions make it an appealing destination for short-term rentals. One of the prominent highlights is the Wonders of Wildlife National Museum & Aquarium (https://www.wondersofwildlife.org/),,) which attracts visitors from across the country. In addition, Springfield is home to the historic Gillioz Theatre (https://gillioztheatre.com/),,) a beautifully restored 1920s theater offering a variety of live performances and films.

Nature enthusiasts will appreciate the Fantastic Caverns (https://www.fantasticcaverns.com/),,) America’s only ride-through cave, providing a unique underground adventure. For a more relaxed outdoor experience, Lakeside Forest Wilderness Area (https://www.springfieldmo.org/places/lakeside-forest-wilderness-area)) offers picturesque trails and picnic spots.

The city also serves as a gateway to the Ozarks, offering easy access to outdoor activities such as hiking, boating, and fishing. Springfield’s blossoming downtown area features a mix of dining, shopping, and entertainment options, making it an attractive locale for visitors.

Short-term rentals in Springfield benefit from its strategic location, wide array of attractions, and welcoming atmosphere, making it an engaging place to stay for tourists and business travelers alike.

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