T-RECS
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Trended Real Estate Comparison Scores (T-RECS) compare current real estate markets with their closest analogs in history, to project their most probable trajectories going forward.
Read more about our T-RECS model hereWhere willrank amongst housing markets for price growth?
Springfield, MO
State
Missouri
Region
Midwest
2021 Population
479,598
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 158,320 homes | 44th |
| Home Price | $249,392 | 37th |
| Price Per sqft | $150/sqft | 32nd |
| Lot Size | 0.27 acre(s) | 68th |
| Home Size | 1,611 sqft | 60th |
| 2 Year Price Growth | +26.98% | 79th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 34 years | 71st |
Population Age | 37 years | 69th |
| Household Size | 2.39 people | 28th |
| Economics | Percentile | |
|---|---|---|
| Household Income | $56,896 | 16th |
| 2 Year Household Income Growth | +20.97% | 100th |
Unemployment Rate | 3.90% | 89th |
2 Year Unemployment Rate Difference | +0.70% | 68th |
ResiShares Market Factors | Percentile |
|---|---|
| Economic Growth Score | 91st |
| Population Growth Score | 96th |
| Price Growth Score | 30th |
Projected Annual Growth Percentile
Across the top 200 markets by population
3 Year Projected Rank:
192 / 200 ( 4th %tile )Top 5 Historical T-RECS Matched Markets
1.
Hickory-Lenoir-Morganton, NC
Year: 2019
Similarity Score: 81
2.
Greenville-Anderson, SC
Year: 2020
Similarity Score: 81
3.
Tulsa, OK
Year: 2009
Similarity Score: 81
4.
Augusta-Richmond County, GA-SC
Year: 2012
Similarity Score: 81
5.
Little Rock-North Little Rock-Conway, AR
Year: 2010
Similarity Score: 81
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 158,320 homes | 44th |
| Home Price | $249,392 | 37th |
| Price Per sqft | $150/sqft | 32nd |
| Lot Size | 0.27 acre(s) | 68th |
| Home Size | 1,611 sqft | 60th |
| 2 Year Price Growth | +26.98% | 79th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 34 years | 71st |
Population Age | 37 years | 69th |
| Household Size | 2.39 people | 28th |
| Economics | Percentile | |
|---|---|---|
| Household Income | $56,896 | 16th |
| 2 Year Household Income Growth | +20.97% | 100th |
Unemployment Rate | 3.90% | 89th |
2 Year Unemployment Rate Difference | +0.70% | 68th |
ResiShares Market Factors | Percentile |
|---|---|
| Economic Growth Score | 91st |
| Population Growth Score | 96th |
| Price Growth Score | 30th |