Zip 62711 (Springfield, IL) Housing

The housing market in 62711 Springfield, IL is thriving. The median value of houses in this area is $290,000 which is significantly lower than the US median value of $338,100. However, house appreciation in 62711 has been on the rise and for the past year it has seen a 10.41% appreciation rate - higher than the 8.27% nationwide average. This area presents a great opportunity for any potential buyers or sellers looking to take advantage of an appreciating market.

The median home cost in Springfield (zip 62711) is $290,000. Home appreciation the last 10 years has been 37.2%. Home Appreciation in Springfield (zip 62711) is up 13.5%.

Average Age of Homes

- The median age of Springfield (zip 62711) real estate is 21 years old

The Rental Market in Springfield (zip 62711)

- Renters make up 15.8% of the Springfield (zip 62711) population
- 0.6% of houses and apartments in Springfield (zip 62711), 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
	7,631.0	139,647,020.0
	23	42
	$290,000	$338,100
	13.5%	16.6%
	27.7%	57.0%
	37.2%	101.1%
	$22.48	$10.98
	$5,819	$2,690
	77.9%	57.4%
	3.2%	11.2%
	18.8%	31.4%
Vacant Housing
	0.6%	1.9%
	0.0%	0.4%
	0.1%	0.7%
	0.5%	0.4%
	0.1%	3.6%
	2.0%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.7%	2.4%
	0.3%	2.8%
	1.0%	3.9%
	1.7%	4.5%
	8.9%	11.3%
	14.1%	13.0%
	35.0%	20.1%
	24.1%	13.6%
	7.2%	8.3%
	5.4%	9.7%
	0.8%	3.9%
	0.5%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	30.1%	13.6%
	30.1%	13.6%
	27.3%	13.6%
	8.6%	13.2%
	7.4%	14.8%
	27.3%	13.6%
	6.0%	10.0%
	0.6%	4.7%
	1.7%	12.2%

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