Market Snapshot | Springfield, MO Q2 2025

Market Overview

In Q2 2025, Springfield’s multifamily market remains resilient as annual rent growth surged 4.5%, placing it among the top five U.S. metros. Average rent stood at $995 and occupancy held at a healthy 94.9 percent. Net absorption totaled 88 units year-to-date, despite a dip to -39 units in Q2—the lowest second-quarter absorption in over a decade. Deliveries totaled 106 units year-to-date, with only 22 delivered in Q2 and fewer than 300 units under construction, signaling easing supply pressure.

About MMG

MMG Real Estate Advisors delivers multifamily market intelligence and capital strategy insights across key U.S. metros. Their quarterly reports combine rental trends, occupancy data, absorption metrics, and development pipeline analysis to help investors, owners, and developers understand evolving regional market dynamics.