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Springfield city, IL

ZIP 62711 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 62711

Median Home Value
$299,400
Median Rent
$1,060
Affordability Snapshot
$82,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,923/mo PITI).

10%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

23.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 62711 in Springfield city, IL, a household would need roughly $82,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,923. That sits below the local median household income ($123,507), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
79.4%+21% vs US avg
x
Vacancy Rate
4.2%-59% vs US avg
x
Broadband Access
94.0%+8% vs US avg
x
4+ Bedrooms
8.4%-43% vs US avg
x
Built Pre-1939
0.2%-98% vs US avg
x
Built Post-2014
0.5%-92% vs US avg
x
Rent Burden >30%
15.7%-68% vs US avg
x
Mortgage-Free
34.9%-9% vs US avg
x
$299,400
Home Value
$1,060
Rent
1998
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached67.0%
  • 1-unit attached17.5%
  • 2-9 units6.2%
  • 10+ units8.8%
  • Mobile home & other0.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$299,400
Median rent$1,060
Owner-occupied79.4%
Vacant4.2%
Price-to-income2.4x
Est. income to buy$82,000