HousingHandbookReference data

U.S. ZIP Code · MO65640

Polk County · Springfield, MO

Typical home value

$339,842[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-4.1%
5-year / yr
+7.2%
10-year / yr

Relative price

vs U.S.
+19.6%
vs metro
+23.3%
vs state
+41.3%
ZIP 65640 location in MO
Location of ZIP 65640 in MO

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 65640 is worth $339,842 — 23.3% above the Springfield, MO median. Over the past year, values have fallen 4.1%. The effective property tax rate is 0.3%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.3%[3]
Typical annual tax
$1,160[3]

#Climate risk

FEMA National Risk Index ratings for Polk County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Low
Coastal flood
Not Applicable
Wildfire
Relatively Low
Drought
Relatively Moderate
Heat wave
Relatively Moderate
Hurricane
Very Low
Tornado
Relatively Moderate
Earthquake
Relatively Low
Winter weather
Relatively Moderate

#Who lives here

Population
1,530[3]
Median household income
$61,136[3]

#Migration

Household moves in and out of Polk County over a year, from IRS tax-return data.

Net migration
+23[5]
Moved in
946
Moved out
923

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,718
Loan principal$271,873
Down payment$67,968
Total interest paid$346,760

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$2,098
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
53rd percentile[1]
Rental yield
[2]
Property tax
5th percentile[3]

Frequently asked

How much is a home worth in ZIP code 65640?
The typical home in 65640 is worth $339,842, based on the Zillow Home Value Index.
Are home values rising in 65640?
Home values in 65640 are down 4.1% over the past year, and up 7.2% a year over five years.
What is the property tax rate in 65640?
The effective property tax rate in 65640 is 0.3% — roughly $1,160 a year on a typical home.
Who lives in 65640?
ZIP code 65640 has a population of 1,530 and a median household income of $61,136.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Highlandville, MO

    Typical home
    $342,427
    Gross yield
  • Billings, MO

    Typical home
    $345,697
    Gross yield
  • Halfway, MO

    Typical home
    $346,370
    Gross yield
  • Springfield, MO

    Typical home
    $352,359
    Gross yield
    6.2%
  • Rogersville, MO

    Typical home
    $327,082
    Gross yield
  • Nixa, MO

    Typical home
    $326,972
    Gross yield
    5.6%

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