The story of this market
The typical home in ZIP 65806 sells for about $154,954, or $73 per square foot.
Prices are down 8.3% from a year ago, which gives buyers more room to negotiate. Homes take about 31 days to sell. HUD's fair market rent for a two-bedroom is $841 a month.
ZIP 65806 — Springfield
The 65806 housing market is currently experiencing a price correction with a year-over-year decline of 8.3% in median sale price. While inventory remains tight, the area's affordability relative to the broader Springfield market continues to attract interest from investors and students. Market conditions are stable, reflecting a balance between high rental demand and moderate resale activity.
This ZIP is well-suited for students, young professionals, and investors seeking affordable urban housing near the city's core and university.
Median prices moved down 8.3% year over year.
Homes spend a median of 31 days on market with 2.3 months of supply — a fast-moving market.
31% of listings have cut prices · homes sell at 98.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.2% · poverty 45.9% — a mixed stability profile.
versus the prior ACS vintage
ZCTA 65806, 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.
The area benefits from proximity to Missouri State University and ongoing revitalization efforts in downtown Springfield.
Property taxes are assessed by Greene County; rates are determined by local school district and municipal levies.
Centrally located in Springfield, providing short drive times to major employment hubs including the downtown district and university campus.
Features proximity to downtown Springfield's dining and entertainment districts, as well as local parks and community centers.
The rental market is characterized by high demand from students and young professionals, with a significant share of renter-occupied housing.
The economy is anchored by education, healthcare, and government services, with Missouri State University serving as a primary driver.
Served by the Springfield city bus system and major arterial roads connecting to the broader metro area.
Ongoing urban infill and renovation projects are common in the downtown and university-adjacent neighborhoods.
Greene County Assessor maintains property valuations for tax purposes.
Parcels are subject to Springfield Public Schools and various municipal utility districts.
Standard regional property insurance market with typical exposure to severe weather events common in the Ozarks.
Data retrieved from data.census.gov ZCTA 65806 profile.
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 Theaters4.70.4 mi
- Urban Air Trampoline and Adventure Park4.23.1 mi
- Chuck E. Cheese44.2 mi
- Jump Mania4.25.3 mi
- 417 Escape Artist4.84.7 mi
- Ozark Empire Fairgrounds(Springfield MO)4.33.5 mi
- Alamo Drafthouse Cinema Springfield4.54.2 mi
- Golden Corral Buffet & Grill4.14.2 mi
- Great Southern Bank Arena4.50.6 mi
- Finley Farms4.613 mi
- Wonders of Wildlife National Museum and Aquarium4.81.5 mi
- Fantastic Caverns4.76.9 mi
- Alamo Drafthouse Cinema Springfield4.54.2 mi
- Dickerson Park Zoo4.53.6 mi
- AMC Springfield 114.44.8 mi
- Wonders of Wildlife National Museum and Aquarium4.81.5 mi
- Finley Farms4.613 mi
- Wilson's Creek National Battlefield4.89.2 mi
- Discovery Center of Springfield4.50.4 mi
- Pythian Castle4.11.8 mi
- Dickerson Park Zoo4.53.6 mi
- Nathanael Greene/Close Memorial Park4.93 mi
- Wilson's Creek National Battlefield4.89.2 mi
- Sequiota Park4.74.9 mi
- Rutledge-Wilson Farm Park4.73.8 mi
- Fellows Lake Marina4.59.2 mi
- BigShots Golf Springfield4.73.1 mi
- Rivercut Golf Course4.37.4 mi
- Getaway Golf4.74.6 mi
- Hickory Hills Country Club4.64.4 mi
- Bill & Payne Stewart Golf Course4.33.8 mi
- Battlefield Mall4.23.2 mi
- Hy-Vee Grocery Store4.62.7 mi
- Hy-Vee Grocery Store4.53.3 mi
- Ross Dress for Less4.23.9 mi
- T.J. Maxx4.34 mi
- Springfield-Branson National Airport4.46.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The city's primary hub for nightlife, restaurants, and cultural venues.
Major regional university driving local economic and housing demand.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.