Real Estate Investing in Springfield, Illinois (62712)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 62712 (Springfield, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.9% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Springfield, IL (62712)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 62712 Springfield
In practical terms, ZIP 62712 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $343K median. It rewards specialists, not generalists.
For an experienced owner, 62712 can be a a viable market for hunting ground — but the discount at $343K reflects genuine risk that outside investors often underestimate.
Regionally, 62712 sits on the difficult end of the IL spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 62712 includes headwinds that any investor should price in. Income distribution skews lower than Springfield averages, and tenant stability requires active management.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Springfield:
Market Trends
Home Value History (with trend line)
📊 How Does 62712 Compare?
| Metric | 62712 | Springfield | Springfield, IL | Illinois |
|---|---|---|---|---|
| Home Value | $342,953 | $61,376 | N/A | $279,761 |
| 5-Year CAGR | 5.6% | 6.3% | N/A | 6.6% |
| Avg Rent | $1,251 | $1,288 | N/A | - |
| Cap Rate | 2.9% | 5.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 62712 (Springfield, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $342,953 |
| Monthly Rent | $1,251 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 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 (2.9%). 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 62712
Population: 10,555
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 62712
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Harvard Park Elem School
Washington Middle School
Feitshans Elem Sch
Matheny-Withrow Elem Sch
Jefferson Middle 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 kind of market is Springfield, IL for investors?
Our data puts Springfield, IL at 3.0/5 for investability. Home prices of $343K and rents around $1,251/mo create a solid backdrop for investor activity.
What type of investing works in Springfield, IL?
A careful cash-flow rentals with hands-on management strategy Springfield, IL best. The market produces even-keeled results for that approach at the $343K price point.
How do home values compare in Springfield, IL?
Homes in Springfield, IL typically sell near $343K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
What kind of vacancy should I budget for in Springfield, IL?
Occupancy in Springfield, IL runs steady with elevated vacancy. Well-priced units at $1,251/mo lease on reasonable timelines.
What is the typical renter like in Springfield, IL?
Tenant quality in Springfield, IL ranks as solid. Landlords generally report consistent occupancy at market rents of $1,251/mo.
You know 62712 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 62712 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 62712 ranks in Springfield, IL
Every ZIP in this metro, ranked. Free.
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