Investor-grade market analytics for Springfield, Illinois. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.
$200,292
+8.6% year-over-year
7.2%
gross annual
-5.9%
base case (Zillow ZHVF)
-5.9% year-over-year
Migration: Top 76% nationally
In-migrants avg $54,123 AGI vs out-migrants $60,376
Opportunity Zone Market
2 ZIP codes in Springfield are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →
Springfield, IL is experiencing strong growth with 8.6% year-over-year appreciation, indicating a seller's market with robust demand. Affordability remains favorable with a price-to-income ratio of 2.69x, below the national average of 4.8x. Climate risk remains low (30/100), favorable for long-term investment stability. Rental yield of 7.23% is strong, making this market attractive for buy-and-hold investors.
12-month projection (Zillow ZHVF model)
Springfield, IL's primary climate exposure is wind storms (60/100). The composite climate risk score of 30/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.