The story of this market
The typical home in ZIP 62704 sells for about $199,950, or $117 per square foot.
Prices are up +12.4% from a year ago, so sellers still have some momentum. Homes take about 14 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $980 a month.
ZIP 62704 — Springfield
The 62704 housing market is highly competitive, characterized by a significant year-over-year price increase of 12.4% and a rapid median days on market of 14 days. Low inventory levels and strong buyer demand continue to drive prices upward, maintaining a seller's market environment.
This ZIP is well-suited for family buyers and those seeking a competitive, fast-moving market environment within the Springfield area.
Median prices moved up 12.4% year over year.
Homes spend a median of 14 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.4% · poverty 13.0% — a stable, low-distress profile.
ZCTA 62704, Sangamon County IL
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
The rental market in 62704 shows a median asking rent of $950 per month with significant volatility in inventory levels.
The local economy is anchored by the Springfield metro area, which serves as the state capital and a hub for government, healthcare, and education sectors.
Data retrieved from Census Reporter profile for ZCTA 62704.
- Knight's Action Park4.23.1 mi
- Malibu Jack's Springfield4.72.1 mi
- Sky Zone Trampoline Park4.33.2 mi
- BounceTag4.53.3 mi
- Chuck E. Cheese3.90.8 mi
- Illinois State Fairground4.53.6 mi
- Golden Corral Buffet & Grill4.23.2 mi
- Bank of Springfield Center4.41.8 mi
- Knight's Action Park4.23.1 mi
- Malibu Jack's Springfield4.72.1 mi
- Lincoln Home National Historic Site4.81.7 mi
- Knight's Action Park4.23.1 mi
- Malibu Jack's Springfield4.72.1 mi
- AMC Springfield 124.23.6 mi
- AMC Springfield 84.43.7 mi
- Lincoln Home National Historic Site4.81.7 mi
- Abraham Lincoln Presidential Library and Museum4.81.8 mi
- Lincoln's New Salem State Historic Site4.716.3 mi
- Illinois State Museum4.61.2 mi
- Dana-Thomas House State Historic Site4.81.3 mi
- Washington Park4.70.5 mi
- Southwind Park4.74 mi
- Lincoln Memorial Garden and Nature Center4.87.3 mi
- Henson Robinson Zoo4.26.2 mi
- Nelson Center Ice Rink4.43.1 mi
- Island Bay Yacht Club4.76.3 mi
- The Rail Golf Course4.46.9 mi
- Piper Glen Golf & Social Club4.46.3 mi
- Long Bridge Golf Course4.55.3 mi
- Illini Country Club4.60.6 mi
- Lincoln Greens Golf Course4.15.1 mi
- White Oaks Mall3.92.1 mi
- Meijer4.33.6 mi
- Hy-Vee Grocery Store4.50.7 mi
- Humphrey's Market4.81.9 mi
- Kohl's4.12.4 mi
- Abraham Lincoln Capital Airport4.14.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.