Frequently Asked Questions
Is Grand Central a good place to live?
Grand Central is a good place to live. Grand Central is considered somewhat walkable and bikeable with some transit options. Grand Central is an urban pioneer neighborhood. Grand Central has 3 parks for recreational activities. It is very dense in population with 15.3 people per acre and a median age of 37. The average household income is $70,542 which is below the national average. College graduates make up 34.2% of residents. A majority of residents in Grand Central are home owners, with 41.5% of residents renting and 58.5% of residents owning their home. A
local real estate agent serving Grand Central can help you decide if this neighborhood is the right one for you. Learn more on our
Grand Central neighborhood guide.
Is Grand Central, IL a safe neighborhood?
Grand Central, IL is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in Grand Central?
The median home price in Grand Central is $118,900. If you put a 20% down payment of $23,800 and had a 30-year fixed mortgage with an interest rate of 6.06%, your estimated principal and interest payment would be $570 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $24K a year to afford the median home price in Grand Central. Learn how much home you can afford with our
Home Affordability Calculator. The average household income in Grand Central is $71K.
What are the best public schools in Grand Central?
The best public schools that serve Grand Central are:
What are the best private schools in Grand Central?
The best private schools that serve Grand Central are:
What are the most popular zip codes in Grand Central, Springfield, IL?
What are the most popular neighborhoods near Grand Central, Springfield, IL?
Are home prices dropping in Grand Central?
Yes, home prices in Grand Central are down 9% in the last 12 months.
Home Trends in Grand Central, IL
On average, homes in Grand Central, Springfield sell after 61 days on the market compared to the national average of 53 days. The median sale price for homes in Grand Central, Springfield over the last 12 months is $94,000, down 17% from the median home sale price over the previous 12 months.
Median Sale Price
$94,000
Median Single Family Sale Price
$108,000
Average Price Per Sq Ft
$76
Number of Homes for Sale
1
Last 12 months Home Sales
18
Median List Price
$118,900
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-17%
