Housing · Springfield
Springfield, IL housing market
The typical Springfield home is worth about $172,000, up 7.2% in a year, 42% below the Illinois typical home.
Home values, sales, trends and how Springfield compares with the towns next door — updated as new data is published.
The market right now
Springfield at a glance
Typical home value
$172K
▲ 7.2% in a year · Zillow
Ten-year trend
Typical home value, 2016–2026
SpringfieldIllinois
Show as a table
| January | Springfield | Illinois |
|---|---|---|
| 2017 | $120,000 | $181,000 |
| 2018 | $119,000 | $190,000 |
| 2019 | $119,000 | $195,000 |
| 2020 | $126,000 | $200,000 |
| 2021 | $128,000 | $215,000 |
| 2022 | $135,000 | $236,000 |
| 2023 | $141,000 | $248,000 |
| 2024 | $148,000 | $263,000 |
| 2025 | $156,000 | $278,000 |
| 2026 | $167,000 | $290,000 |
| August 2026 | $172,000 | $298,000 |
Nearby
Springfield and its neighbors
The towns that share a border. Tap one to see its housing page.
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Springfield | $172K | +7.2% | — | $39,507 |
| Springfield | — | — | 5 | $66,064 |
| Clear Lake | — | — | — | $86,473 |
| Sherman | $337K | +6.3% | 4 | $148,906 |
| Grandview | $96K | +11.6% | 34 | $48,819 |
Affordability
4.4 years of income
The typical Springfield home costs about 4.4 years of the town's median household income, more than across Illinois (3.6 years).
How Springfield ranks on affordability →
Home value ÷ ACS median household income.
The homes
Owners, rent & taxes
Homeownership
62.8%
Illinois: 67.1%
Median tax bill
$1,418
Illinois: $5,298
Median rent
$826
Illinois: $1,274
Typical home built
1958
Illinois: 1971
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.