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Lee's Summit, MO vs Springfield, MO

Side-by-side rent vs. buy comparison using 2026 market data — home prices, rents, price-to-rent ratios, and more.

Lee's Summit

Missouri

Neutral

Median Price

$411K

Avg Rent

$2,240/mo

Price-to-Rent Ratio

15.3×

Springfield

Missouri

Neutral

Median Price

$213K

Avg Rent

$1,159/mo

Price-to-Rent Ratio

15.3×

Head-to-Head Comparison

MetricLee's Summit, MOSpringfield, MOWinner
Median Home Price$411K$213KSpringfield — More Affordable
Average Rent$2,240/mo$1,159/moSpringfield — Lower Rent
Price-to-Rent Ratio15.3×15.3×
Median List Price$375K$207KSpringfield — Lower List Price
Price per Sq Ft$174/sqft$151/sqftSpringfield — Lower Cost/SqFt
Days on Market31 days24 daysLee's Summit — Hotter Market

Frequently Asked Questions

Is it cheaper to live in Lee's Summit or Springfield?

Lee's Summit has a median home price of $411K and average rent of $2,240/mo, while Springfield has a median home price of $213K and average rent of $1,159/mo.

Should I rent or buy in Lee's Summit?

Lee's Summit has a price-to-rent ratio of 15.3×. The market is roughly neutral between renting and buying.

Should I rent or buy in Springfield?

Springfield has a price-to-rent ratio of 15.3×. The market is roughly neutral between renting and buying.

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