Real Estate Investing in Springfield, Illinois (62711)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62711 (Springfield, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Springfield, IL (62711)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 62711 Springfield
Not every below-median market is a bargain. Springfield's 62711 ZIP stands at signals that favor experienced operators who can absorb the risk $372K pricing implies.
Rent of $1,900/mo on a $372K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 62711 sits below the stated 0.0% once reality is priced in.
ZIP 62711's metrics run below Sangamon County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 62711 ZIP's population of 18,351 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
Strategy in 62711 is an operator game, not a passive one. Stepping back, entry prices of $372K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Springfield:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 62711 Compare?
| Metric | 62711 | Springfield | Springfield, IL | Illinois |
|---|---|---|---|---|
| Home Value | $371,777 | $61,376 | N/A | $279,761 |
| 5-Year CAGR | 5.8% | 6.3% | N/A | 6.6% |
| Avg Rent | $1,900 | $1,288 | N/A | - |
| Cap Rate | 4.0% | 5.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62711 (Springfield, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $371,777 |
| Monthly Rent | $1,900 |
| Price-to-Rent | 16.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +4.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 62711
Population: 18,351
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 62711
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
U S Grant Middle School
Elizabeth Graham Elem School
Benjamin Franklin Middle School
Butler Elem School
Black Hawk Elem School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,796 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical home price in Springfield, IL?
In Springfield, IL the median home value sits at $372K. Against the broader IL market, that reads as reasonable for most investors.
How tight is the rental market in Springfield, IL?
Springfield, IL carries elevated vacancy risk. Expect reliable absorption at market rents of $1,900/mo.
Where do rents currently stand in Springfield, IL?
Investors in Springfield, IL typically see rents near $1,900/mo per month against $372K home values - a solid setup for rental cash flow.
Does Springfield, IL favor landlords or tenants?
Springfield, IL operates under IL law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.
How deep is the rental pool in Springfield, IL?
Expect a solid tenant pool in Springfield, IL. The rental market absorbs $1,900/mo rents without meaningful friction.
You know 62711 now. You don’t know where it ranks.
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How 62711 ranks in Springfield, IL
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