Location: Springfield, MO | Metro: Springfield, MO HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $970 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,650 |
| 4 Bedrooms | $1,890 |
| 5 Bedrooms | $2,192 |
| 6 Bedrooms | $2,455 |
| 7 Bedrooms | $2,651 |
| 8 Bedrooms | $2,784 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,190 | $212,949 | 0.56% | F |
| 3BR | $1,650 | $280,699 | 0.59% | F |
| 4BR | $1,890 | $379,079 | 0.5% | F |
| 5BR | $2,192 | $481,670 | 0.46% | F |
U.S. Census Bureau data (2024)
In Ozark, Missouri (ZIP 65721), the real estate market is currently showing signs of stability with a median home value at $314,968. This figure, combined with the observation that only 0.2% of listings have been reduced, suggests that sellers retain significant pricing power. The low percentage of price reductions indicates a competitive market where homes are selling close to their asking prices, which is a positive indicator for maintaining or potentially increasing property values.
The median days on market (DOM) of 27 days further supports this stability. A short DOM period signals strong demand, as properties are moving quickly. This dynamic can be expected to persist over the next 12-24 months, implying that homeowners and landlords should continue to see favorable conditions for holding onto properties without the need to lower prices significantly.
On the rental side, the Fair Market Rent (FMR) for ZIP 65721 in fiscal year 2024 is projected to be $1,010, while the actual market rent (ZORI) stands at $1,439. This gap between government-set FMRs and actual market rents suggests that landlords have room to adjust their rental rates according to market conditions. The discrepancy indicates a robust rental market, likely due to a combination of factors including employment opportunities and population growth.
Long-term hold investors should consider the appreciation potential in Ozark. Given the current market trends, it is reasonable to anticipate modest appreciation over the next two years. However, the exact rate will depend on broader economic conditions and local factors such as job growth and infrastructure development. The data implies a setup where long-term investors can expect their property values to increase slightly, but they must remain vigilant to external changes that could affect the market.
The combination of a stable home value, minimal price reductions, and a short DOM period points towards a resilient housing market. Coupled with the favorable rental dynamics, this environment supports the idea that both homeowners and landlords can maintain their current positions effectively. For those looking to enter the market, the current conditions suggest a good time to invest, given the likelihood of steady appreciation and strong rental demand.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.