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Sarah Mitchell
Compass Real Estate · ZIP 65803
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65803 ZIP Code Housing Market
$179,900median sale price
What is the 65803 housing market like right now?
The median home sale price in ZIP code 65803 is $179,900, down 5.3% year-over-year. Homes sell in an average of 28 days with 179 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 65803 ZIP code a buyer's or seller's market?
ZIP code 65803 is currently a balanced market and homes selling in about 28 days. How we determine this →
What are the latest 65803 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $179,900 |
| Median list price | $159,900 |
| Year-over-year price change | -5.3% |
| Average days on market | 28 days |
| Active inventory | 179 listings |
| Sale-to-list price ratio | 98.2% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 65803 zip code, located in Springfield, MO, is currently classified as a balanced market. The median sale price stands at $179,900, representing a -5.3% change year over year. Homes in this area spend an average of 28 days on the market before going under contract. There are currently 179 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 65803 sits in the Springfield, MO area, roughly 6.1 miles from downtown Springfield. Because home prices are set street by street, this ZIP can move differently from Springfield's citywide averages. The figures below reflect 65803 specifically — drawn from Redfin transactions, U.S. Census data for its 42,882 residents, and Zillow value estimates.
Homes sold
203
Last 12 weeks
Days on market
28
Average pace
Active listings
179
Sale-to-list
98.2%
Below asking
What is driving the 65803 housing market?
The 65803 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 98.2% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 65803 have declined -5.3% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 65803 stands at $191,667, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,100 per month. This gives a price-to-rent ratio of approximately 14.5, which suggests that buying may be more cost-effective than renting in this area over the long term. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 65803?
Population
42,882
Median income
$50,572/yr
Median age
36.1 years
Owner-occupied
55.0%
College grads
23.6%
Avg commute
18.74 min
What is it like living in 65803?
Zip code 65803 is home to approximately 42,882 residents. The median household income is $50,572 per year, which shapes the types of homes and amenities available in the area. With a median age of 36.1 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 55.0% of housing units are owner-occupied, showing a healthy mix of homeowners and renters that contributes to a diverse community.
About 23.6% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 18.74 minutes, which is shorter than the national average and suggests good proximity to employment centers. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 65803.
Which public schools serve ZIP 65803?
12 schools tracked · 4,309 students
The largest public schools serving ZIP code 65803 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
HILLCREST HIGH
Grades 9-12 · 1,079 students
REED MIDDLE
Grades 6-8 · 509 students
FREMONT ELEM.
Grades PK-5 · 390 students
WILLIAMS ELEM.
Grades PK-5 · 374 students
PLEASANT VIEW MIDDLE
Grades 6-8 · 372 students
TRUMAN ELEM.
Grades PK-5 · 305 students
WELLER ELEM.
Grades PK-5 · 288 students
WATKINS ELEM.
Grades PK-5 · 250 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 65803
What is the median home price in 65803?
The current median sale price in 65803 is $179,900, based on recent Redfin transaction data. Prices have changed -5.3% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 65803 a buyer's or seller's market?
The 65803 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 65803?
Zip code 65803 has a population of approximately 42,882 residents. The median household income is $50,572 per year. About 55.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 65803?
Properties Incorporated provides comprehensive data for 65803 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 65803 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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