The story of this market
The typical home in ZIP 65648 sells for about $250,000, or $155 per square foot.
Prices are down 7.2% from a year ago, which gives buyers more room to negotiate. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $943 a month.
ZIP 65648 — Fair Grove
The Fair Grove housing market is currently experiencing a period of price stabilization following recent volatility. While median home values remain elevated compared to historical norms, the year-over-year decline suggests a cooling trend in buyer demand. The market is characterized by low inventory and a reliance on the broader Springfield economy for growth.
This ZIP is ideal for families and commuters seeking a quiet, small-town environment with easy access to the employment and retail hubs of Springfield.
Median prices moved down 7.2% year over year.
Homes spend a median of 48 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.2% · poverty 8.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 65648, Greene County MO
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Fair Grove generally experiences low crime rates consistent with a small, rural-suburban community in the Springfield metropolitan area.
The area is served by the Fair Grove R-X School District, which is generally regarded for its small-town community focus and stable academic performance.
The region is subject to standard Midwestern weather risks, including severe thunderstorms and occasional tornado activity, with flood risks localized to specific low-lying areas.
Economic momentum is tied to the broader Springfield metro area, with local development focused on maintaining a small-town character while supporting residential growth.
Property taxes are assessed by Greene County based on local millage rates, which include funding for the school district and municipal services.
Residents primarily commute by car to Springfield via US-65, with typical drive times ranging from 15 to 25 minutes depending on traffic.
The area features local community parks and is within short driving distance of larger Springfield amenities, including regional shopping and outdoor recreation.
The rental market is limited in depth, primarily consisting of single-family homes with low vacancy pressure and steady demand from local workers.
The economy is largely supported by the Springfield metro area, with residents employed in healthcare, education, and manufacturing sectors.
Transportation is heavily reliant on private vehicles, with US-65 serving as the primary arterial corridor for regional access.
Development is primarily focused on small-scale residential infill and maintaining existing infrastructure.
Greene County Assessor manages property valuations, typically reassessing on a biennial cycle.
Parcels are subject to Fair Grove R-X School District taxes and standard county-level service districts.
Property insurance premiums are influenced by regional severe weather exposure, including wind and hail risks.
Data retrieved from US Census Bureau and World Population Review.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- College Station Theaters4.716.7 mi
- Urban Air Trampoline and Adventure Park4.218.7 mi
- Chuck E. Cheese419.2 mi
- Craft Axe Throwing4.916.8 mi
- Ozark Empire Fairgrounds(Springfield MO)4.314.6 mi
- Golden Corral Buffet & Grill4.119.3 mi
- Great Southern Bank Arena4.516.8 mi
- Discovery Center of Springfield4.516.6 mi
- Route 66 Stadium4.716.1 mi
- Wild Animal Safari - Springfield/Strafford, Missouri4.69.9 mi
- Crystal Cave, Springfield Missouri4.79.7 mi
- Valley Water Mill Park4.612.2 mi
- Nana's Play Place4.612.9 mi
- Hidden Waters Nature Park4.712 mi
- Wonders of Wildlife National Museum and Aquarium4.818.3 mi
- Discovery Center of Springfield4.516.6 mi
- Pythian Castle4.115.2 mi
- Gillioz Theatre4.716.6 mi
- Route 66 Car Museum4.717.4 mi
- Valley Water Mill Park4.612.2 mi
- Fellows Lake Trailhead East4.57.4 mi
- Miller Park at Fellows Lake4.67.8 mi
- Hidden Waters Nature Park4.712 mi
- Howard Smith Community Park4.79.8 mi
- Fellows Lake Marina4.57.8 mi
- Dream Valley Golf Course4.312.8 mi
- Springfield Golf & Country Club4.211.9 mi
- Bomgaars4.311.4 mi
- Springfield-Branson National Airport4.418.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community park providing green space and recreational facilities.
A historic site that serves as a local cultural anchor.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.