dynamic.RE

State

City

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City

State

City

ZIP codes

Springfield, IL · 62776

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 ↓

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: . 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

Population

84,762

Median Days on Market

Active Listings

New Listings

Housing Market

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 62776? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Springfield, IL · 62776

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 ↓

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

Population

84,762

Median Days on Market

Active Listings

New Listings

Housing Market

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 62776? Put it next to another market.