Property is one of the best investments a person can make. It’s part of the American Dream. We feel like Springfield is the best place to invest in that dream. Since we’re in the Show Me State, we don’t want to just tell you it’s a great place to live. We want to show you the reasons why. Here are the 5 Biggest Reasons to Own a Home in Springfield, Missouri, brought to you by Debi Murray:
#1 – It’s wayyy cheaper than almost everywhere else
Buying a home in Springfield is nearly 33% cheaper than the national average!
According to Zillow, the median price of homes sold in the US for the last 12 months was $186,200. As of March, the median price of homes sold in Springfield was $125,000.
The cost of living is also much lower than the national average. According to cityrating.com, Springfield was ranked lower in cost of living in nearly every major category.
#2 – Property values keep increasing
Since 2013, homes prices have increased by more than $20,000 on average. The market has rewarded homeowners to the tune of a 19% increase in the average home sale, and a 25% increase in the median sale price.
#3 – Both local and national businesses are thriving in Springfield
Last year, Wallethub named Springfield the 3rd best city in the United States to start a business, ranking the Queen City 1st overall in terms of access to resources. The same report found that Springfield had the second lowest cost for office space in the country among the top 150 most populated cities.
#4 – Mortgage Rates Are Low
Mortgage rates aren’t just low, they are historically low. Interest rates haven’t been as low as they are today since the 1950s! The Fed hasn’t made a move to raise interest rates yet, but many see it as a possibility in the future. It’s a good time to secure the low rates today for the life of your mortgage.
#5 – Because Springfield is awesome
Livability.com ranked Sprignfield as one of the top 100 places to live in the United States and one of the top 10 places to retire! We have elements of both a big city and a small town peppered throughout the landscape. We have a fantastic art scene in the burgeoning downtown district and gorgeous natural parks that feel like they’re a thousand miles away from civilization. We have a giving community that prides itself on working together to make a better home for everyone. And if you’d like more reasons, check out this article by Jason Zasky!
If you’re in the market to make an investment in property, give us a call. We’ve been a locally owned and operated company for nearly 20 years. We pride ourselves on being the most informed Springfieldians we can be. We’d be happy to help you find what you’re looking for.
Give us a call any time at 417-823-2300 or email us at murneyeteam@murney.com
This post brought to you by Debi Murray – The Offices of Patrick Murney.
Murney Associates, Realtors. Click here for “the MURNEY blog.”