The story of this market
The typical home in ZIP 62711 sells for about $397,200, or $136 per square foot.
Prices are up +4.5% from a year ago, so sellers still have some momentum. Homes take about 18 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,337 a month.
ZIP 62711 — Springfield
The 62711 housing market is highly competitive, characterized by low inventory and rising home prices. Strong demand from families and professionals, coupled with limited supply, continues to drive appreciation and quick sales in this affluent Springfield suburb.
This ZIP is ideal for family buyers and professionals seeking larger homes, suburban amenities, and proximity to Springfield's employment centers.
Median prices moved up 4.5% year over year.
Homes spend a median of 18 days on market with 1.3 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 2.8% · poverty 3.1% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 62711, Sangamon County IL
The area is served by highly-rated public schools within the Springfield and surrounding districts, generally characterized as providing strong academic environments.
The area benefits from proximity to Springfield's major employers in government, healthcare, and education, with steady residential development in suburban pockets.
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.
Residents primarily commute by car to downtown Springfield and major employment hubs via I-72 and local arterial roads.
The area features access to local parks, golf courses, and proximity to Lake Springfield, with shopping and dining concentrated along major corridors.
The rental market is stable with moderate demand, primarily serving professionals and families seeking suburban living outside the city core.
The economy is anchored by state government, healthcare systems, and educational institutions in the Springfield metropolitan area.
The area is car-dependent with access to I-72 and I-55 providing regional connectivity.
Ongoing residential infill and suburban expansion projects are common in the western and southern fringes of the Springfield metro area.
The Sangamon County Assessor manages property valuations for tax purposes.
Parcels are subject to various taxing districts including school, library, and community college districts.
Standard property insurance coverage is available, with premiums influenced by regional weather patterns typical of Central Illinois.
Illinois is a judicial foreclosure state.
Illinois requires sellers to provide a residential real property disclosure report.
Data retrieved from Census Reporter and ACS 2024 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Knight's Action Park4.22.4 mi
- Malibu Jack's Springfield4.72 mi
- Sky Zone Trampoline Park4.31 mi
- BounceTag4.50.9 mi
- Chuck E. Cheese3.93.7 mi
- Illinois State Fairground4.57.6 mi
- Golden Corral Buffet & Grill4.24.6 mi
- Bank of Springfield Center4.46 mi
- Knight's Action Park4.22.4 mi
- Malibu Jack's Springfield4.72 mi
- Lincoln Home National Historic Site4.85.8 mi
- Knight's Action Park4.22.4 mi
- Malibu Jack's Springfield4.72 mi
- AMC Springfield 124.20.7 mi
- AMC Springfield 84.46.5 mi
- Lincoln Home National Historic Site4.85.8 mi
- Abraham Lincoln Presidential Library and Museum4.85.9 mi
- Lincoln's New Salem State Historic Site4.717.4 mi
- Illinois State Museum4.65.3 mi
- Dana-Thomas House State Historic Site4.85.3 mi
- Washington Park4.74 mi
- Southwind Park4.74 mi
- Lincoln Memorial Garden and Nature Center4.87.7 mi
- Henson Robinson Zoo4.27.8 mi
- Nelson Center Ice Rink4.47.1 mi
- Island Bay Yacht Club4.76.7 mi
- The Rail Golf Course4.410.9 mi
- Piper Glen Golf & Social Club4.43.7 mi
- Long Bridge Golf Course4.58.6 mi
- Illini Country Club4.63.6 mi
- Edgewood Golf Club4.612.8 mi
- White Oaks Mall3.92.1 mi
- Meijer4.31.5 mi
- Hy-Vee Grocery Store4.53.8 mi
- Humphrey's Market4.85.6 mi
- Kohl's4.11.8 mi
- Abraham Lincoln Capital Airport4.17.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Major regional reservoir offering boating, fishing, and park access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.