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Springfield, Missouri

Springfield, Missouri is one of the most attractive cities in the United States to get a home that is affordable. Springfield has a house value median of $126,897 – a great price especially for those who are entering the residential realty market as first time home buyers.

The Value of houses in Springfield have increased 7.1 percent in the last year. There has been a prediction that the value of homes will increase by 5.0 percent in the following year.

Per square foot, in Springfield, Missouri, the list cost median is $90. This is less than metro area of Springfield which has $96 as its per square foot list cost average. Springfield has a presently listed house cost median of $141,000.

Springfield, Missouri has a rent cost median of $695. This is a bit lower than the median Springfield Metro rent cost which is $700.

Foreclosures affect the value of homes in any area of the country. The greater the foreclosure rate, the lower the house values of a particular area.

Regarding the foreclosure process, there is a first step. It is called mortgage delinquency. What is mortgage delinquency?  It is the condition of an owner of a house not making a payment on their home mortgage.

0.9 Percent is the percentage of home owners who have a mortgage delinquency in Springfield Missouri. The nation has a higher mortgage delinquency percentage of 1.6 percent.

The household median income for Springfield Missouri is $29,563.

When it comes to commercial realty in Springfield Missouri, there are 5 hotels presently being built. One of them is a northside Holiday Inn Express & Suites at the northwest corner of Glenstone Avenue and Interstate 44.

It will have 111 rooms, and will be next to a Tropical Smoothie Café, and Macadoodles store. It is 5.8 acres, and occupies the site that previously had a Budget Lodge that in 2011 was demolished.

There will be a fitness center, a 1,500 square foot meeting space and an indoor pool in the hotel.