Springfield, IL Real Estate
Springfield is a city in Sangamon County, Illinois with a population of about 113,714. The median home value is near $155,200, and median rent runs around $945/mo.
Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.
Median Home Value
$155,200
Median Rent
$945/mo
Population
113,714
Median Income
$65,537
Median Age
40.7
Homeownership
63.4%
Monthly payment on a median Springfield home
Example for a $155,200 home: 20% down, 30-yr at ~6.75%, IL property tax ~2.05%, 0.4% insurance.
Est. monthly (PITI)
$1,122
Principal & interest
$805
Property tax / mo
$265
Down payment (20%)
$31,040
Springfield at a glance
- 20.1% of residents 25+ hold a bachelor's degree or higher.
- 63.4% of occupied homes are owner-occupied.
- Median household income is $65,537.
- Always verify the assigned school district, flood zone, and HOA for a specific address before signing.
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