The housing market in 62712 Springfield, IL is doing fairly well compared to the national median value of $338,100. The median housing value for this area is currently at $273,200 and has seen a 10.41% appreciation in the past year, which is higher than the US average of 8.27%. This can be attributed to various factors such as an increasing job market and people relocating or investing in property within the area. Overall, 62712 Springfield, IL offers reasonable housing options with prices that are below the national average.
The median home cost in Springfield (zip 62712) is $273,200. Home appreciation the last 10 years has been 37.2%. Home Appreciation in Springfield (zip 62712) is up 13.5%.
Average Age of Homes
- The median age of Springfield (zip 62712) real estate is 27 years old
The Rental Market in Springfield (zip 62712)
- Renters make up 18.1% of the Springfield (zip 62712) population
- 3.5% of houses and apartments in Springfield (zip 62712), 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.