Springfield, IL—62703
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$88,000
4.7% YoY Growth
Household Income
$44,600
16.1% YoY Growth
Days on Market
60
36.0% Longer YoY
Home Price Forecast
1.0%
Median Rent
$1,140
9.3% YoY Growth
1-Bed Rent
$750
11.7% YoY Growth
2-Bed Rent
$1,000
8.7% YoY Growth
3-Bed Rent
$1,300
8.8% YoY Growth
Home Price Trends — Springfield, IL
As of Dec '25, the median home price in Springfield, IL is $88,000, with a year-over-year change of 4.7%. This indicates that home prices in Springfield, IL are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $88,000 | 4.7% |
| Single Family | $88,000 | 4.8% |
| Condos | $98,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |