Near South, Springfield IL - Investment Data
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
📊 How Does Near South Compare?
| Metric | Near South | Springfield | Springfield, IL | Illinois |
|---|---|---|---|---|
| Home Value | $61,376 | $61,376 | N/A | $279,761 |
| Avg Rent | $1,288 | $1,288 | N/A | - |
| 5-Year CAGR | 4.3% | 6.3% | N/A | 6.6% |
| Cap Rate | 0.1% | 0.1% | - | - |
Near South is a neighborhood in Springfield, Illinois. This neighborhood spans 19 ZIP codes, offering investors a range of property types and price points. The current median home value in this neighborhood is $96,866, which has increased by 2.3% over the past year. With average rents around $1,288/month and home values averaging $61,376, investors can evaluate potential cash flow opportunities in this market.
Home Value Trends
ZIP Codes in Near South
| ZIP | City | Home Value | Rent | Cap Rate | Rating | Vacancy | Match |
|---|---|---|---|---|---|---|---|
| 62703 | Springfield | $98,416 | $1,128 | 0.1% | 14.3% | City match | |
| 62702 | Springfield | $114,242 | $1,129 | 0.1% | 13.8% | City match | |
| 62707 | Springfield | $238,751 | $1,035 | 0.0% | 5.7% | City match | |
| 62711 | Springfield | $371,777 | $1,900 | 0.0% | 3.8% | City match | |
| 62712 | Springfield | $342,953 | $1,251 | 0.0% | 8.9% | City match | |
| 62659 | Springfield | $0 | — | — | — | — | City match |
| 62701 | Springfield | $0 | — | — | — | 29.5% | City match |
| 62705 | Springfield | $0 | — | — | — | — | City match |
| 62706 | Springfield | $0 | — | — | — | — | City match |
| 62708 | Springfield | $0 | — | — | — | — | City match |
| 62719 | Springfield | $0 | — | — | — | — | City match |
| 62726 | Springfield | $0 | — | — | — | — | City match |
| 62736 | Springfield | $0 | — | — | — | — | City match |
| 62756 | Springfield | $0 | — | — | — | — | City match |
| 62764 | Springfield | $0 | — | — | — | — | City match |
| 62776 | Springfield | $0 | — | — | — | — | City match |
| 62781 | Springfield | $0 | — | — | — | — | City match |
| 62791 | Springfield | $0 | — | — | — | — | City match |
| 62796 | Springfield | $0 | — | — | — | — | City match |
Other Neighborhoods in Springfield
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