Frequently Asked Questions
Is Downtown Springfield a good place to live?
Downtown Springfield is a good place to live. Downtown Springfield is considered fairly walkable and bikeable with good transit options. Downtown Springfield has 1 park for recreational activities. It is somewhat dense in population with 9.3 people per acre and a median age of 39. The average household income is $51,701 which is below the national average. College graduates make up 17.5% of residents. A majority of residents in Downtown Springfield are renters, with 91.3% of residents renting and 8.7% of residents owning their home. A
local real estate agent serving Downtown Springfield can help you decide if this neighborhood is the right one for you. Learn more on our
Downtown Springfield neighborhood guide.
Is Downtown Springfield, IL a safe neighborhood?
Downtown Springfield, IL is less safe than the average neighborhood in the United States. It received a crime score of 9 out of 10.
How much do you need to make to afford a house in Downtown Springfield?
The median home price in Downtown Springfield is $104,350. If you put a 20% down payment of $20,900 and had a 30-year fixed mortgage with an interest rate of 6.21%, your estimated principal and interest payment would be $510 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $22K a year to afford the median home price in Downtown Springfield. Learn how much home you can afford with our
Home Affordability Calculator. The average household income in Downtown Springfield is $52K.
What are the best public schools in Downtown Springfield?
The best public schools that serve Downtown Springfield are:
What are the best private schools in Downtown Springfield?
The best private schools that serve Downtown Springfield are:
What are the most popular zip codes in Downtown Springfield, Springfield, IL?
What are the most popular neighborhoods near Downtown Springfield, Springfield, IL?
Home Trends in Downtown Springfield, IL
On average, homes in Downtown Springfield, Springfield sell after 8 days on the market compared to the national average of 53 days. The median sale price for homes in Downtown Springfield, Springfield over the last 12 months is $97,000, up 102% from the median home sale price over the previous 12 months.
Median Sale Price
$97,000
Median Single Family Sale Price
$97,000
Median 2 Bedroom Sale Price
$220,000
Median 1 Bedroom Sale Price
$105,000
Average Price Per Sq Ft
$117
Number of Homes for Sale
1
Last 12 months Home Sales
3
Median List Price
$104,350
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
102%