Home Values

62711 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$212,700

  • -5.8% 1-year change
  • 3.6% 1-year forecast

The median home value in 62711 is $212,700. 62711 home values have declined -5.8% over the past year and Zillow predicts they will rise 3.6% within the next year. The median list price per square foot in 62711 is $103, which is higher than the Springfield Metro average of $81. The median price of homes currently listed in 62711 is $286,900 while the median price of homes that sold is $195,500.

With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 62711 homeowners underwater on their mortgage is 7.0%.

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Relative ZHVI
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62711 Market Overview

Data through Feb 28, 2015
  • $212,700 ZHVI
  • 3.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Feb 29, 2016)
  • $286,900 Median listing price
  • $195,500 Median sale price (Dec 31, 2014)
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62711 Market Health

Data through Feb 28, 2015
  • No recent data
  • No data Average days on Zillow
  • 7.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)
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Nearby Zip Codes

Name Median ZHVI
62629 $174,600
62704 $133,300
 

Listings & Sales

Data through Feb 28, 2015
  • $103 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 12.4% Listings with price cut
14.9%
Sold below listing
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62711 Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,499 62711
    $1,007 Springfield Metro
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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