%
CapRateCity
Free cap rate calculators for every US market
← All comparisons

Springfield vs Kansas City for Rental Property Investing

Side-by-side comparison of Springfield, MO and Kansas City, MO — cap rates, rent, prices, and investment metrics.

Springfield wins 4–3 across key metrics
Springfield leads on cash flow (4.41% vs 3.96% cap rate) · Kansas City leads on population growth
Metric
Springfield, MO
Kansas City, MO
Est. Cap Rate
4.41%
3.96%
Median Home Price
$185,000
$245,000
Median Monthly Rent
$1,050
$1,320
1% Rule
0.57%
0.54%
GRM
14.7x
15.5x
Price / Income
4.6x
4.2x
Property Tax Rate
1.18%
1.32%
Vacancy Rate
6.2%
5.9%
Population Growth
0.6% / yr
0.8% / yr
Annual Appreciation
2.5%
2.9%
Population
169,176
508,090
Median Income
$40,200
$57,900

Springfield vs Kansas City: Which Is Better for Investors?

Cash flow: Springfield has the edge with an estimated cap rate of 4.41% compared to Kansas City's 3.96%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $185,000 in Springfield vs $245,000 in Kansas City, while rents come in at $1,050/mo and $1,320/mo respectively.

Growth & appreciation: Kansas City is growing faster at 0.8% annually vs Springfield's 0.6%. Kansas City leads on home value appreciation at 2.9% per year.

Costs & risk: Property taxes are 1.18% in Springfield vs 1.32% in Kansas City. Vacancy rates of 6.2% and 5.9% are mixed — Kansas City has the tighter rental market.

Bottom line: Springfield edges out Kansas City on most key metrics. While cap rates are moderate at 4.41%, Springfield's overall profile is stronger. Use our free calculators to model specific deals in Springfield or Kansas City.

Springfield, MO
4.41% cap rate · $185,000 median · $1,050/mo
Full analysis →
Kansas City, MO
3.96% cap rate · $245,000 median · $1,320/mo
Full analysis →
The CapRateCity Report
Weekly market analysis: highest cap rate cities, emerging markets, and deal breakdowns. Free, no spam.