Springfield, KY
- Overview
- Performance
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Key Performance Metrics
Market snapshotPerformance indicators for the Springfield short-term rental market based on reliable data.
Listings
36 / 72
Reliable / Active
Cap Rate
11%
Middle-Earners Gross Yield
Revenue
$26,127
Middle-Earners Revenue
Occupancy
42%
Middle-Earners Occupancy
Home Value
$239,214
Median Home Sale Price
Top Earners
$47,936
Top-Earners Revenue
Springfield
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Springfield.
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Challenging to Investors
Springfield Regulations
STRs are not allowed by right citywide; lodging uses must fit a permitted zoning category or obtain a CUP/variance, which adds hearings, potential neighbor conditions, and extra permits (business, health, building, taxes). This zoning‑dependent pathway creates uncertainty and compliance burden, especially in residential districts where STRs are often prohibited by right.
Local STR Agent
STR specialist · Springfield, KY
About Springfield
Springfield is a home rule-class city in and county seat of Washington County, Kentucky, United States. The population was 2,846 at the 2020 census.