The median home in Springfield, Illinois is valued at $161,800, up 7.0% year over year. Typical monthly rent is $1,124, producing a price-to-rent ratio of 12x — below the national average of 18x. Springfield is part of the Springfield, IL metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$161,800

+7.0%

Rent$1,124/mo

Prices rising — worse for buyers.

Affordability

Enter your income for Springfield.

Income (annual)

Down Payment

$32,360 on $161,800

Example: $75,000 household income. Change it above to see your own.

Affordable20.3% of income

Under the 28% guideline.

PITI$1,269

P/I20.3%

Afford$223K

Room+$61K

P&I $818Tax $301Ins $150

Renting $145/mo cheaper ($1,124 rent)6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Illinois

Compare Springfield with other housing markets across Illinois.

Kenilworth$1.93M Winnetka$1.73M Glencoe$1.51M Bannockburn$1.22M Golf$1.19M Hinsdale$1.18M Lake Forest$1.14M South Barrington$1.08M

Full Springfield, IL analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Springfield, IL metro.

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