Springfield Metro Area, IL Housing

The housing in the Springfield, IL Metro Area is quite affordable when compared to the rest of the United States. The median value of homes in this area is $146,600 - significantly lower than the US house median value of $338,100. However, it has still seen appreciation over the past year with 8.00%, just slightly less than the US 1 year House Appreciation of 8.27%. This makes Springfield a great option for people who are looking for an affordable place to live and invest in real estate.

The median home cost in Springfield Metro Area is $146,600. Home appreciation the last 10 years has been 36.9%. Home Appreciation in Springfield Metro Area is up 12.9%.

Average Age of Homes

- The median age of Springfield Metro Area real estate is 46 years old

The Rental Market in Springfield Metro Area

- Renters make up 27.2% of the Springfield Metro Area population
- 1.9% of houses and apartments in Springfield Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Springfield, Illinois	United States
	98,310.0	139,647,020.0
	49	42
	$146,600	$338,100
	12.9%	16.6%
	27.6%	57.0%
	36.9%	101.1%
	$20.45	$10.98
	$3,023	$2,690
	64.2%	57.4%
	8.7%	11.2%
	27.1%	31.4%
Vacant Housing
	1.9%	1.9%
	0.3%	0.4%
	1.1%	0.7%
	0.5%	0.4%
	0.5%	3.6%
	4.5%	4.1%
Value of Owner-Occupied Housing
	2.8%	2.6%
	2.7%	2.4%
	4.2%	2.8%
	9.6%	3.9%
	10.5%	4.5%
	21.0%	11.3%
	17.7%	13.0%
	19.5%	20.1%
	7.3%	13.6%
	2.4%	8.3%
	1.7%	9.7%
	0.4%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.0%	13.6%
	10.0%	13.6%
	13.2%	13.6%
	8.7%	13.2%
	17.3%	14.8%
	13.2%	13.6%
	11.0%	10.0%
	6.0%	4.7%
	17.8%	12.2%

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