Median home value in zip code 62702 (Springfield, IL) is $109,127, up 6.4% year over year. Part of the Springfield, IL metropolitan area.

Home Value$109,127

YoY Change

+6.4%

Prices rising — worse for buyers.

Affordability

Enter your income for 62702 (Springfield).

Income (annual)

Down Payment

$21,825 on $109,127

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

Affordable14.5% of income

Under the 28% guideline.

PITI$905

P/I14.5%

Afford$211K

Room+$102K

P&I $552Tax $203Ins $150

6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

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

Metro Analysis

62702 is part of the Springfield, IL metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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