Greene County · Springfield
Sell Your Commercial Property In Springfield, MO
Skyline Capital Investments buys commercial apartment buildings of 5+ units in Springfield and across Greene County — listed or off-market, stabilized or value-add. Get clear feedback on your deal, typically within 48 hours.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Neighborhoods & Nearby Towns: Rountree · Nixa · Ozark · Republic — Greene County, MO
Why Springfield
Why We Buy Multifamily In Springfield
Springfield, Missouri is a renter-majority market. Renters occupy 56.1% of households, and 29.4% of homes sit in buildings with 5 or more units, per Census ACS 2020-2024. Median gross rent is $964 a month, while HUD's FY2027 two-bedroom fair market rent for the metro is $1,113. Rental vacancy is 3.8% under the same survey.
This profile is for owners who want to sell commercial property in Springfield, MO and need local numbers first. It covers Springfield in Greene County, Missouri, not Springfield, Illinois or Springfield, Massachusetts. It shows who rents, how rents compare with incomes, how old the apartment stock is, and what Greene County levies cost on a $2,000,000 building. It also summarizes Missouri landlord law, including the 2025 rewrite of RSMo 441.043, and the city's West Central rental licensing pilot.
Every figure links to the Census Bureau, HUD, the Missouri Revisor of Statutes, the State Auditor or another official page, with its period stated.
CoxHealth and Mercy hospitals
CoxHealth lists more than 12,140 employees and 1,014 beds across six hospitals. Mercy describes its Springfield hospital on East Cherokee Street as an 886-bed facility, founded in 1891.Record Missouri State enrollment
Missouri State University enrolled 25,238 students on its Springfield campus in fall 2025, up from 25,038, per its September 24, 2025 release. System enrollment reached 27,235.Southwest Missouri population growth
Christian County, home to Nixa and Ozark, grew 8.9% from April 2020 to July 2025, per Census Vintage 2025 estimates. Greene County grew 3.5%, against 1.9% statewide.Our Buy Box
What We Buy In Springfield
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Springfield Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Springfield
Renters occupy 56.1% of households in Springfield, Missouri, or 44,218 of 78,824, per ACS 2020-2024 tenure data. Greene County is at 42.5% and Missouri at 31.9%.
Median household income in Springfield is $49,311 under ACS 2020-2024. That is $21,391 below the Missouri median of $70,702.
Springfield had 169,847 residents on July 1, 2025, up 0.4% from April 2020, per Census Vintage 2025 estimates. Growth is faster in the suburbs. Christian County, home to Nixa and Ozark, grew 8.9%, per its QuickFacts, and Greene County grew 3.5%, per its QuickFacts.
Students add steady demand. Missouri State University enrolled 25,238 students on its Springfield campus in fall 2025, a record, per the university's September 2025 release.
Health care anchors the workforce. CoxHealth lists more than 12,140 employees and 1,014 beds across six hospitals, per its system overview. Mercy calls its Springfield hospital an 886-bed facility on East Cherokee Street.
Rents and affordability in Springfield
Median gross rent in Springfield is $964 a month under ACS 2020-2024. Greene County reports $989 and Missouri $1,033. Twelve months of median rent equal 23.5% of median household income in Springfield, using those two ACS medians.
In Springfield, 46.5% of renter households pay 30% or more of income on rent, per ACS 2020-2024 rent-burden data. Another 22.2% pay 50% or more. Statewide, those shares are 42.0% and 20.5%.
Rental vacancy in Springfield is 3.8% in ACS 2020-2024 table DP04. Greene County is at 3.3%, per its housing profile, and Missouri at 5.0%.
HUD places Greene County in the Springfield, MO HUD Metro FMR Area. Its FY2027 two-bedroom fair market rent is $1,113, effective October 1, 2026, per HUD fair market rents. That is $149 above the median gross rent in Springfield. Owners who sell commercial real estate in Springfield, MO can measure in-place rents against that spread.
| Unit size | HUD FY2027 FMR, Springfield, MO HUD Metro FMR Area |
|---|---|
| Efficiency | $908 |
| One-bedroom | $913 |
| Two-bedroom | $1,113 |
| Three-bedroom | $1,539 |
| Four-bedroom | $1,768 |
Apartment stock in Springfield
Buildings with 5 or more units hold 24,914 of 84,761 homes in Springfield, or 29.4%, per ACS 2020-2024 units-in-structure data. Missouri as a whole is at 12.8%. Springfield also has 6,035 homes in buildings of 50 or more units under ACS 2020-2024. Greene County as a whole is at 20.1% in 5+ unit buildings.
In Springfield, 58.0% of homes were built before 1980, per ACS 2020-2024 year-built data. The median year built is 1975, per table B25035. Greene County is at 47.2% pre-1980, so older product clusters inside the city limits.
Owners selling commercial property in Springfield should expect buyers to ask about roofs, plumbing and electrical in buildings of that age.
Property taxes in Greene County
Inside Springfield R-XII School District and city limits, a $2,000,000 apartment building owes about $18,818 a year on the 2025 levies below. Missouri assesses residential real property at 19% of true value under RSMo 137.115.
Apartments fall in that residential subclass. RSMo 137.016 defines residential property as real property improved by a structure used for residential living, excluding transient housing. Under 137.115, values are set each odd-numbered year and carry into the following even year.
The State Auditor's 2025 Property Tax Rates report lists these levied rates per $100 of assessed value:
- City of Springfield: 0.5636 across general revenue, health, museum and parks.
- Springfield R-XII School District: 3.7036, made up of 2.9736 operating and 0.7300 debt service.
- Springfield-Greene County Library District: 0.2149.
- Ozarks Technical Community College: 0.1773.
- Greene County: 0.2926 across four county funds.
The math: $2,000,000 x 19% = $380,000 assessed value. The listed levies total 4.9520 per $100. Then $380,000 / 100 x 4.9520 = $18,817.60, or 0.94% of value. Any other levy on a specific bill is not included.
School levies drive the bill, at 74.8% of the listed total. Republic R-III School District levies 4.0292, or 0.3256 more than Springfield R-XII, per the same report.
Appeals go to the Greene County Board of Equalization. Forms were due on or before July 13, 2026, the second Monday in July, per the Greene County Clerk. Owners who plan to sell commercial property in Springfield, MO should review their 2025 value before a buyer does.
Landlord rules in Springfield
Missouri caps security deposits at two months' rent and bars local rent control. Springfield runs a rental licensing pilot in one neighborhood.
- Deposit cap: two months' rent, held in a federally insured institution, per RSMo 535.300.
- Deposit return: within 30 days after the tenancy ends, or an itemized list of damages withheld.
- Month-to-month termination: one month's written notice, per RSMo 441.060.
- Nonpayment: once rent is demanded and unpaid, a landlord may file for rent and possession without the 441.060 notice, per RSMo 535.020.
- Rent control: RSMo 441.043 bars counties and cities from regulating rent on privately owned residential or commercial rental property.
House Bills 595 and 343 widened 441.043 and were signed July 14, 2025, per the Governor's office. The new text took effect August 28, 2025.
Missouri cities can no longer cap security deposits, limit screening by credit, eviction or criminal history, or require landlords to accept housing-assistance income, per the House bill summary.
Springfield's pilot covers about 1,541 single-family and duplex rental units in the West Central neighborhood, per the City of Springfield. Licenses cost $35 a year and include the first inspection, with inspections every five years. Findings after 12 months will guide any citywide expansion.
What it means for an owner in Springfield
Springfield pairs a 56.1% renter share with 3.8% rental vacancy. Buyers will also price the 58.0% pre-1980 stock and the $18,818 tax example above.
Before you sell commercial real estate in Springfield, MO, gather the rent roll, trailing expenses and your Greene County tax bill. Note whether any units sit in West Central, where licensing already applies.
If you plan to sell your apartment building in Springfield, run your numbers through the cap rate calculator first. Skyline Capital Investments buys apartment buildings with 5 or more units.
Owners ready to sell commercial property in Springfield, MO can request an offer on the sell my apartment building page.
Good To Know
What Shapes A Springfield Offer
More about selling in Missouri →Investing in Springfield? See apartment syndications in Springfield →
- Median gross rent in Springfield is $964 under ACS 2020-2024, which is $149 below HUD's FY2027 two-bedroom fair market rent of $1,113.
- Missouri assesses apartments as residential property at 19% of true value under RSMo 137.115, with new values set in each odd-numbered year.
- Owners who sell multifamily property in Springfield should know Springfield city grew only 0.4% from 2020 to 2025, while Christian County grew 8.9%.
- House Bills 595 and 343 of 2025 bar Missouri cities from capping security deposits or limiting tenant screening, effective August 28, 2025.
Seller Guides
Your Situation, Handled — Springfield
Learn More
Taxes & Rules For Springfield Property
The Missouri rules that shape any deal in Springfield: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Springfield Seller FAQ
How do I sell commercial property in Springfield, MO?
Start with a current rent roll, trailing twelve-month expenses and your latest Greene County tax bill. Buyers underwrite taxes at 19% of value times the combined levy, which totals 4.9520 per $100 inside Springfield R-XII and city limits in 2025. If any units sit in the West Central neighborhood, have the rental license on hand. If you want to sell your apartment building in Springfield, Skyline Capital Investments buys buildings with 5 or more units.
How much property tax does a $2 million apartment building pay in Springfield?
About $18,818 a year on 2025 rates. Missouri assesses apartments at 19% of true value, so $2,000,000 becomes $380,000 assessed. The City of Springfield, Springfield R-XII School District, the library district, Ozarks Technical Community College and Greene County levy a combined 4.9520 per $100, per the State Auditor. That works out to 0.94% of value. Schools account for 74.8% of the listed total.
Is now a good time to sell commercial real estate in Springfield, MO?
Demand indicators are firm. Rental vacancy in Springfield is 3.8% under ACS 2020-2024, below the 5.0% Missouri rate. Renters hold 56.1% of households, and Missouri State University set a Springfield campus enrollment record of 25,238 in fall 2025. Median gross rent is $964, below HUD's FY2027 two-bedroom fair market rent of $1,113. Buyers will weigh that against the age of the stock, with 58.0% of homes built before 1980.
Does Springfield require a rental license for my building?
Only inside the West Central neighborhood for now. Springfield's pilot covers about 1,541 single-family and duplex rental units there, bounded by Chestnut Expressway, Grand Street, Kimbrough Avenue and Kansas Expressway. Licenses cost $35 a year and include the first inspection, with inspections every five years. The City of Springfield says findings after 12 months will guide whether the program expands citywide, is adjusted or ends.
Can Springfield cap my rents or security deposits?
No. RSMo 441.043 bars Missouri counties and cities from regulating rent on privately owned residential or commercial rental property. House Bills 595 and 343, effective August 28, 2025, added bans on local deposit caps, screening limits and rules forcing landlords to accept housing-assistance income. State law still caps deposits at two months' rent under RSMo 535.300, with return or an itemized damage list due within 30 days.
Will you buy a Springfield property that needs work or has high vacancy?
Yes. We regularly evaluate value-add, mismanaged, and distressed multifamily properties and underwrite them as they are today — no repairs or lease-up required before selling.
Do you work with Springfield brokers and agents?
We do. Agents can bring us listed or pocket-listing deals in Springfield, and we keep every conversation confidential.
Can I sell rental property in Springfield with tenants in place?
Yes. We buy apartment buildings with tenants in place and keep existing leases intact. As a commercial real estate buyer focused on 5+ unit properties, we underwrite the current rent roll as it stands.
How fast can I sell my apartment building in Springfield?
Most owners get clear feedback within 48 hours of sending the address, unit count, and a rent roll. Closing is typically set around your timeline, including extra time for a 1031 exchange.
Submit A Deal
Have A Property In Springfield?
A few details are enough to start. We respond to every Springfield submission, including off-market and pocket listings.
