Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Springfield area can be challenging. Home prices in Springfield are now at a median cost of $139,193, lower than the Illinois average of $242,002.
The average cost of rent is $909/mo in Springfield, primarily driven by the current value of real estate in the Springfield area. While nearly 44.18% of residents own their homes outright in Springfield, 33.81% rent.
Housing affordability isn’t just about home prices, though. The average household income in Springfield is $5,628 per month. Households that rent pay about 16.15% of their income on rent here. Springfield's most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Leland Grove, IL: higher priced homes
- Jerome, IL: less expensive homes
- Southern View, IL: less expensive homes
- Archer, IL: less expensive homes
- Bradfordton, IL: higher priced homes
- Clear Lake, IL: less expensive homes
- Devereux Heights, IL: less expensive homes
- Bissell, IL: less expensive homes
- Curran, IL: higher priced homes
- Green Acres, IL: higher priced homes
Cities with Similar Populations
- Mount Pleasant, SC: higher priced homes
- Mount Vernon, NY: higher priced homes
- Muskegon, MI: less expensive homes
- Mountain View, CA: higher priced homes
- Lithonia, GA: equally priced homes
- Las Vegas, NV: higher priced homes
- Leander, TX: higher priced homes
- Lees Summit, MO: higher priced homes
- Littleton, CO: higher priced homes
- Las Cruces, NM: higher priced homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood