Zip 62703 (Springfield, IL) Housing

The housing in 62703 Springfield, IL has a median value of $81,400, which is significantly lower than the US median value of $338,100. However, this neighborhood has seen a 10.41% house appreciation in the past year, compared to 8.27% across the US. This could indicate that the housing market in 62703 Springfield, IL is growing quickly and may soon reach prices more inline with the rest of the country.

The median home cost in Springfield (zip 62703) is $81,400. Home appreciation the last 10 years has been 37.2%. Home Appreciation in Springfield (zip 62703) is up 13.5%.

Average Age of Homes

- The median age of Springfield (zip 62703) real estate is 61 years old

The Rental Market in Springfield (zip 62703)

- Renters make up 36.8% of the Springfield (zip 62703) population
- 3.6% of houses and apartments in Springfield (zip 62703), 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
	14,167.0	139,647,020.0
	65	42
	$81,400	$338,100
	13.5%	16.6%
	27.7%	57.0%
	37.2%	101.1%
	$18.33	$10.98
	$1,571	$2,690
	49.7%	57.4%
	12.5%	11.2%
	37.8%	31.4%
Vacant Housing
	3.6%	1.9%
	0.2%	0.4%
	1.1%	0.7%
	0.3%	0.4%
	0.5%	3.6%
	6.8%	4.1%
Value of Owner-Occupied Housing
	5.2%	2.6%
	8.5%	2.4%
	11.8%	2.8%
	18.9%	3.9%
	18.6%	4.5%
	24.5%	11.3%
	7.7%	13.0%
	3.8%	20.1%
	0.2%	13.6%
	0.0%	8.3%
	0.4%	9.7%
	0.3%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.9%	13.6%
	3.9%	13.6%
	9.0%	13.6%
	5.4%	13.2%
	14.2%	14.8%
	9.0%	13.6%
	17.8%	10.0%
	11.8%	4.7%
	27.0%	12.2%

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