Springfield, IL · Illinois
Sangamon County
195,217 residents201 permits TTM$74,114 median HHI26 ZIP codesUpdated April 28, 2026
Investor first look
Median home value
$170,300
ACS 5-Year
Cap rate proxy
6.7%
FMR × 0.65 ÷ Home Value
Rent-to-income
15.4%
HUD FMR ÷ ACS HHI
Net migration
+0.94%
IRS SOI
Permits (TTM)
201
Census BPS
Climate risk
91.7
FEMA NRI (0–100)
ZIP code breakdown26 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 62703 | — | — | — | 15.1% | — |
| 62539 | — | — | — | 8.3% | — |
| 62530 | — | — | — | 7.3% | — |
| 62515 | — | — | — | 6.7% | — |
| 62689 | — | — | — | 6.7% | — |
Ranked by composite score
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Demographics
Owner-occupied
70.6%
Census ACS
Vacancy rate
9.5%
Census ACS
Bachelor's degree +
35.1%
Census ACS
Rent burdened
41.3%
Census ACS (>30% income)
Median age
40.8
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 28, 2026