Springfield, Illinois.
Typical home $174,110 (+6.8% in a year), asking rent $1,178 (+4.2%). Springfield, IL metro.
to buy the typical home at today's mortgage rate — +$451 (+98%) since Jan 2020.
- 1 year
- Up $11,147 +7%
- $162,964$174,110 since Sep 2025
- 5 years
- Up $40,218 +30%
- $133,893$174,110 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Springfield$914
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 13 years.
Typical home values in Springfield, IL rose 6.8% over the past year — faster than the nation's +1.2%.
Asking rents in Springfield, IL rose 4.2% over the past year — faster than the nation's +2.7%.
Owning the typical home in Springfield runs $211/mo more than renting one. The gap peaked at $214 in Oct 2023.
That is $1,389 a month against $1,178 rent: a $914 mortgage payment, plus $289 property tax and $186 insurance & upkeep.
Owning vs renting — Springfield
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$1,389
- Renting$1,178
- Mortgage only$914
Property tax · $289/mo 1.99% of value a year — the ACS 2020-2024 median bill over the median home value for Sangamon County, IL
Insurance & upkeep · $186/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Springfield, Sangamon County, Illinois
Springfield is a city of 114,394 people in Sangamon County. Half its households earn more than $66,064 a year and half less, against $75,357 across Sangamon County; 17% of its people live below the poverty line. 64% of its homes are lived in by their owners and 36% are rented. Unemployment in Springfield was 4.3% in August 2026, and Sangamon County had 2.6% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then government.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Springfield is the capital of Illinois and a sizeable city, with a median age somewhat above the national middle. Most homes are lived in by their owners, and typical home values and rents sit at a fairly modest level. Incomes in the city run below those across Sangamon County as a whole, and a four-year degree is held by a minority of adults, though a sizeable one. Winters are cold, with January the coldest month, and summers are warm; precipitation is moderate through the year, falling as rain and melted snow.
Work. Many residents work in schools, hospitals and social care, in government, in professional and business services, and in shops. Among the largest workplaces in Springfield are Springfield Memorial Hospital, the Springfield public school district and St. John's Hospital. Jobs across Sangamon County have slipped over the past year, though unemployment in the city has eased compared with a year earlier, and most people have a short drive to work.
Things to do. Springfield is closely tied to Abraham Lincoln, and the Lincoln Home National Historic Site and the Old State Capitol State Historic Site, both museums, are in or beside town. Washington Park, a botanical garden, is also in or beside town, and Lake Springfield, a reservoir, is a short drive away. For a longer outing, Lincoln's New Salem, a museum, is a longer drive away.
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- 51,040households
- 36%of adults have a degree
- 17%below the poverty line
- 17 mintypical commute
- 14%work from home
What residents work in
Employed residents by industry, from the Census survey. Sangamon County had 130,936 jobs in 2025, 2.6% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 36° and lows near 19°; warmest in July, with highs near 86° and lows near 66°. About 40 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Springfield #2 weather station, 2 miles away (NOAA).
Largest workplaces in Springfield
- Springfield Memorial HospitalGeneral hospital3,185FTE
- Springfield School District 186 IllinoisSchool elementary and secondary2,200
- St. Johns HospitalGeneral hospital1,892FTE
- State of Illinois, Department of Innovation and TechnologyComputer program or software development, custom1,378
- General office/parole/ATCs/adult edCorrectional institutions1,179
- City of SpringfieldCity and town managers' offices1,038
- State ofState tax commissions1,016
- University of Illinois SpringfieldUniversity or college879
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 122 workplaces with 20 or more staff, 27,156 people in all. Hospitals come from their Medicare cost reports (CMS, 2023) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesRelatively high
- TornadoesRelatively high
- Heat wavesRelatively high
- Winter weatherRelatively high
- Hailrelatively high in parts of SpringfieldRelatively moderate
- EarthquakesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Springfield’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Sangamon County and the Springfield, IL metro.
Springfield home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Springfield$174,110
- Illinois$295,943
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Springfield listings, and the typical home goes pending in 6 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Springfield23.32%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Springfield6
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Springfield336
New listings per month
Sellers arriving at the market.
- Springfield164
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Springfield$183,058
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Springfield100.95%
Zip codes with a Springfield address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Springfield — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Springfield
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 62702 | Springfield | 31,033 | $1,207 | $113,378 |
| 62703 | Springfield | 28,922 | $1,192 | $96,369 |
| 62711 | Springfield | 18,559 | $2,039 | $370,163 |
| 62712 | Springfield | 10,045 | — | $336,298 |
| 62707 | Springfield | 7,472 | — | $233,141 |