$0
Average Rent
$1,040 average rent in Springfield, MO, Q3 2026
0%
Occupancy Rate
94% occupancy rate Springfield, MO, Q3 2026
0
T4Q Net Absorption
681 T4Q net absorption in Springfield, MO, Q3 2026
0%
Annual Rent Change
2% annual rent change in Springfield, MO, Q3 2026
0
BPS Annual Occupancy Change
-40 BPS annual occupancy change in Springfield, MO, Q3 2026
0
T4Q Unit Completions
855 T4Q net absorption in Springfield, MO, Q3 2026
KEY TAKEAWAYS
- Annual absorption of 681 units is up sharply from 410 units a year ago and well above the market’s 10-year average, with net absorption positive for 14 straight quarters.
- Effective rents rose 2.2% year over year to $1,040, with all nine submarkets posting gains.
- Occupancy held at a healthy 94.4%, as the construction pipeline fell 98% from its 2023 peak to just 37 units.
MARKET OUTLOOK
Springfield’s apartment market is in a strong position as its construction pipeline effectively empties. Just 37 units remain under construction, down 98% from the 2023 peak…
Springfield, MO Advisors
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Region
Midwest / Heartland
Office Location
Missouri
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245275
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Region
Midwest / Heartland
Office Location
Missouri
License Number
2014016595
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Region
Midwest / Heartland
Office Location
Missouri
License Number
2014004966
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