Springfield, IL Metro Area - Investment Guide
Metro Area • 20 Cities • 26 ZIP Codes
Avg Home Value
$229,689
Avg Monthly Rent
$1,145
Avg Cap Rate
4.19%
Avg Investability
3.1 ★
Cities
20
ZIP Codes
26
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Market Trends
Metro Home Value History
Metro Rent History
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
⚖️
BALANCED MARKET
Springfield, IL Metro Area
Even conditions for buyers and sellers
21 days
Average time to sell
Fast
10.8%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of August 29, 2026 — updated weekly
Best ZIP codes in Springfield, IL
Every ZIP in the metro, ranked four ways. Free.
Cities in Springfield, IL
Athens
Illinois
1 ZIPs
Auburn
Illinois
1 ZIPs
Cantrall
Illinois
1 ZIPs
Chatham
Illinois
1 ZIPs
Dawson
Illinois
1 ZIPs
Divernon
Illinois
1 ZIPs
Glenarm
Illinois
1 ZIPs
Greenview
Illinois
1 ZIPs
Illiopolis
Illinois
1 ZIPs
Leland Grove
Illinois
1 ZIPs
Loami
Illinois
1 ZIPs
Mechanicsburg
Illinois
1 ZIPs
Oakford
Illinois
1 ZIPs
Pawnee
Illinois
1 ZIPs
Petersburg
Illinois
2 ZIPs
Pleasant Plains
Illinois
1 ZIPs
Riverton
Illinois
1 ZIPs
Rochester
Illinois
1 ZIPs
Sherman
Illinois
1 ZIPs
Williamsville
Illinois
1 ZIPs
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 62702 | Springfield | IL | $109,127 | $1,160 | 8.29% | |
| 62703 | Springfield | IL | $92,775 | $1,164 | 9.78% | |
| 62703 | Springfield | IL | $99,611 | $1,144 | 8.96% | |
| 62702 | Springfield | IL | $103,807 | $1,113 | 8.36% | |
| 62703 | Springfield | IL | $86,753 | $1,025 | 9.21% | |
| 62703 | Springfield | IL | $96,925 | $1,152 | 9.27% | |
| 62702 | Springfield | IL | $103,807 | $1,113 | 8.36% | |
| 62703 | Springfield | IL | $86,753 | $1,025 | 9.21% | |
| 62703 | Springfield | IL | $95,148 | $1,210 | 9.92% | |
| 62703 | Springfield | IL | $98,416 | $1,128 | 8.94% | |
| 62702 | Springfield | IL | $114,330 | $1,100 | 7.50% | |
| 62702 | Springfield | IL | $114,491 | $1,078 | 7.35% | |
| 62702 | Springfield | IL | $109,724 | $1,088 | 7.73% | |
| 62702 | Springfield | IL | $114,242 | $1,129 | 7.71% | |
| 62558 | Pawnee | IL | $196,624 | $972 | 3.86% | |
| 62693 | Williamsville | IL | $246,877 | $1,215 | 3.84% | |
| 62625 | Cantrall | IL | $298,966 | $1,062 | 2.77% | |
| 62707 | Springfield | IL | $238,751 | $1,035 | 3.38% | |
| 62530 | Divernon | IL | $145,194 | $999 | 5.37% | |
| 62673 | Oakford | IL | $150,576 | $918 | 4.76% | |
| 62536 | Glenarm | IL | $282,164 | $1,089 | 3.01% | |
| 62675 | Petersburg | IL | $225,848 | $972 | 3.36% | |
| 62561 | Riverton | IL | $207,544 | $1,251 | 4.70% | |
| 62629 | Chatham | IL | $292,863 | $1,314 | 3.50% | |
| 62711 | Springfield | IL | $371,777 | $1,900 | 3.99% | |
| 62642 | Greenview | IL | $144,777 | $936 | 5.04% | |
| 62712 | Springfield | IL | $342,953 | $1,251 | 2.85% | |
| 62539 | Illiopolis | IL | $131,945 | $918 | 5.43% | |
| 62677 | Pleasant Plains | IL | $252,964 | $1,044 | 3.22% | |
| 62563 | Rochester | IL | $298,908 | $1,458 | 3.80% | |
| 62704 | Leland Grove | IL | $180,474 | $1,107 | 4.78% | |
| 62661 | Loami | IL | $197,356 | $1,008 | 3.98% | |
| 62545 | Mechanicsburg | IL | $204,429 | $954 | 3.64% | |
| 62684 | Sherman | IL | $329,654 | $1,503 | 3.56% | |
| 62613 | Athens | IL | $225,553 | $1,071 | 3.70% | |
| 62615 | Auburn | IL | $191,544 | $1,080 | 4.40% | |
| 62707 | Springfield | IL | $223,389 | $1,035 | 3.61% | |
| 62520 | Dawson | IL | $234,343 | $1,044 | 3.47% | |
| 62558 | Pawnee | IL | $182,085 | $972 | 4.16% | |
| 62688 | Petersburg | IL | $150,810 | $999 | 5.17% | |
| 62561 | Riverton | IL | $196,043 | $1,251 | 4.98% | |
| 62693 | Williamsville | IL | $261,588 | $1,215 | 3.62% | |
| 62625 | Cantrall | IL | $305,063 | $1,062 | 2.72% | |
| 62711 | Springfield | IL | $350,963 | $1,900 | 4.22% | |
| 62530 | Divernon | IL | $155,287 | $999 | 5.02% | |
| 62675 | Petersburg | IL | $216,952 | $972 | 3.49% | |
| 62536 | Glenarm | IL | $283,523 | $1,089 | 3.00% | |
| 62677 | Pleasant Plains | IL | $238,943 | $1,044 | 3.41% | |
| 62563 | Rochester | IL | $286,092 | $1,458 | 3.98% | |
| 62629 | Chatham | IL | $309,204 | $1,664 | 4.20% |
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About Springfield, IL Real Estate Market
The Springfield, IL metropolitan statistical area (MSA) encompasses 20 cities and 26 ZIP codes. The average home value across the metro is $229,689, with an average monthly rent of $1,145. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.