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City

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Springfield, IL · 62766

Realtor Nov 2022 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $75K, +1.7% YoY (county); renters hold 28.7% of county households. See the people evidence ↓

What would change this read: the median listing price is +9.2% YoY. inventory, +0.0% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: median listing $655,000 (Realtor). The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

Median Listing Price

$655K

Population

84,762

Median Days on Market

Active Listings

New Listings

Housing Market

The median listing price is up 9.2% YoY while the median home got up 0.0% bigger, so value per square foot is up 9.2%.

Pricing

Median Listing Price

$655K+9.2% YoY

Average Listing Price

$655K+9.2% YoY

Price per Sq Ft

$139+9.2% YoY

Median Sq Ft

4,7040.0% YoY

Inventory

Active Listings

10.0% YoY

New Listings

0-- YoY

Total Listings

10.0% YoY

Buyer Competition

Pending Listings

---- YoY

Pending Ratio

---- YoY

Median Days on Market

18-34.5% YoY

Price Reduced

0.0%0.0% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 93,382

93Kunits

Occupied84,76290.8%

Vacant8,6209.2%

2024 Tenure ⓘ

U.S. Census ACS · n = 84,762

85Koccupied

Owner60,44371.3%

Renter24,31928.7%

Renter Share

28.7%-2.4% YoY

Total Housing Units

93,382+0.2% YoY

FY2026 Fair Market Rent

CountySangamon County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$829

/month

1 BR

$970

/month

2 BR

$1,203

/month

3 BR

$1,611

/month

4 BR

$1,682

/month

FMR trends · Sangamon County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is down 0.1% to 194,947: residents under 18 are down 0.8% and those 65 and over are up 2.6%.

Median Age

41.02024

Population

Sangamon County Population

194,345+0.1% YoY

Households

Total Households

84,762+0.6% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.25-0.9% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 194,947

195Kresidents

Under 1842,64021.9%

Adults 18–64114,45858.7%

65 & Over37,84919.4%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

42,640-0.8% YoY

Population 65 & Over

37,849+2.6% YoY

Median Age

41.00+0.5% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house89.4%

Moved (within US)10.4%

Other0.2%

Veterans

6.6%-5.7% YoY

County Economy

County median household income is $75K, 13.1% of residents are below the poverty level, 13.7% work from home.

Income

Median Household Income

$75K+1.7% YoY

Per-Capita Income

$44K+3.0% YoY

Mean Household Income

$100K+2.6% YoY

Poverty

Below Poverty Level

13.1%+1.6% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone77.1%

Public transit0.9%

Worked from home13.7%

Other8.3%

Worked From Home

13.7%+14.2% YoY

Mean Commute

19.70+1.0% YoY

Done with 62766? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Springfield, IL · 62766

Realtor Nov 2022 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $75K, +1.7% YoY (county); renters hold 28.7% of county households. See the people evidence ↓

What would change this read: the median listing price is +9.2% YoY. inventory, +0.0% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Median Listing Price

$655K

Population

84,762

Median Days on Market

Active Listings

New Listings

Housing Market

The median listing price is up 9.2% YoY while the median home got up 0.0% bigger, so value per square foot is up 9.2%.

Pricing

Median Listing Price

$655K+9.2% YoY

Average Listing Price

$655K+9.2% YoY

Price per Sq Ft

$139+9.2% YoY

Median Sq Ft

4,7040.0% YoY

Inventory

Active Listings

10.0% YoY

New Listings

0-- YoY

Total Listings

10.0% YoY

Buyer Competition

Pending Listings

---- YoY

Pending Ratio

---- YoY

Median Days on Market

18-34.5% YoY

Price Reduced

0.0%0.0% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 93,382

93Kunits

Occupied84,76290.8%

Vacant8,6209.2%

2024 Tenure ⓘ

U.S. Census ACS · n = 84,762

85Koccupied

Owner60,44371.3%

Renter24,31928.7%

Renter Share

28.7%-2.4% YoY

Total Housing Units

93,382+0.2% YoY

FY2026 Fair Market Rent

CountySangamon County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$829

/month

1 BR

$970

/month

2 BR

$1,203

/month

3 BR

$1,611

/month

4 BR

$1,682

/month

FMR trends · Sangamon County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is down 0.1% to 194,947: residents under 18 are down 0.8% and those 65 and over are up 2.6%.

Median Age

41.02024

Population

Sangamon County Population

194,345+0.1% YoY

Households

Total Households

84,762+0.6% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.25-0.9% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 194,947

195Kresidents

Under 1842,64021.9%

Adults 18–64114,45858.7%

65 & Over37,84919.4%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

42,640-0.8% YoY

Population 65 & Over

37,849+2.6% YoY

Median Age

41.00+0.5% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house89.4%

Moved (within US)10.4%

Other0.2%

Veterans

6.6%-5.7% YoY

County Economy

County median household income is $75K, 13.1% of residents are below the poverty level, 13.7% work from home.

Income

Median Household Income

$75K+1.7% YoY

Per-Capita Income

$44K+3.0% YoY

Mean Household Income

$100K+2.6% YoY

Poverty

Below Poverty Level

13.1%+1.6% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone77.1%

Public transit0.9%

Worked from home13.7%

Other8.3%

Worked From Home

13.7%+14.2% YoY

Mean Commute

19.70+1.0% YoY

Done with 62766? Put it next to another market.