Home Values

Springfield Metro 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

$127,300

  • 3.9% 1-year change
  • 3.5% 1-year forecast

The median home value in Springfield Metro is $127,300. Springfield Metro home values have gone up 3.9% over the past year and Zillow predicts they will rise 3.5% within the next year. The median price of homes currently listed in Springfield Metro is $127,500. The median rent price in Springfield Metro is $700, which is lower than the Illinois median of $1,600.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Springfield Metro is 2.7%, which is lower than the national value of 6.9%.

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Relative ZHVI
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Springfield Metro Market Overview

Data through Sep 30, 2014
  • $127,300 ZHVI
  • 3.5% 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
    (Sep 30, 2015)
  • $127,500 Median listing price
  • No data Median sale price
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Springfield Metro Market Health

Data through Sep 30, 2014
  • 7.5/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • 83 Average days on Zillow (Aug 31, 2014)
  • No data Homes with negative equity (17.0% US Avg)
  • 2.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Cities in Springfield Metro

Name Median ZHVI
Rochester $184,000
Chatham $169,100
Pleasant Plains $155,800
Name Median ZHVI
Williamsville $149,900
Pawnee $116,400
Riverton $114,800
Name Median ZHVI
Springfield $111,200
Auburn $103,900
Divernon $95,100

Listings & Sales

Data through Sep 30, 2014
  • $78 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 50.9% Listings with price cut
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Springfield Metro Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,121 Springfield Metro
    $1,481 Illinois
    $1,335 United States

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

  • 1.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $700 Rent list price
  • $0.72 Rent list price / sq ft
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