The housing market in 62707 Springfield, IL is thriving. Median housing values are at $156,000, which is significantly lower than the US median of $338,100. This provides a great opportunity for potential buyers to purchase a home without breaking the bank. Furthermore, house appreciation in 62707 Springfield has been more rapid over the past year at 10.41%, compared to the US average of 8.27%. This demonstrates that the housing market is strong and growing in this area and is expected to continue its upward trend over time.
The median home cost in Springfield (zip 62707) is $156,000. Home appreciation the last 10 years has been 37.2%. Home Appreciation in Springfield (zip 62707) is up 13.5%.
Average Age of Homes
- The median age of Springfield (zip 62707) real estate is 37 years old
The Rental Market in Springfield (zip 62707)
- Renters make up 17.0% of the Springfield (zip 62707) population
- 0.0% of houses and apartments in Springfield (zip 62707), 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.