Median Home Price
$248,367.11
Median RentBETTER
$1,254.09/mo
Price-to-Rent Ratio
16.5
Property Tax RateTIE
0.97%
Price Change (1Y)
+0.9%
Price Change (5Y)
+4.3%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$146,286
Median Home PriceBETTER
$175,440.91
Median Rent
$1,284.48/mo
Price-to-Rent RatioBETTER
11.4
Property Tax RateTIE
0.97%
Price Change (1Y)BETTER
+0.9%
Price Change (5Y)BETTER
+4.5%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$37,880
Key Differences
Home Prices
Springfield's median home price of $248,367.11 is higher than St. Louis's $175,440.91 by 42%.
Monthly Rent
Renting in Springfield costs $1,254.09/mo compared to $1,284.48/mo in St. Louis—a difference of $30.39/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.