Property Prices in Springfield, IL, United States
| Index |  |
|---|---|
| Price to Income Ratio: | 2.74 |
| Mortgage as Percentage of Income: | 22.91% |
| Loan Affordability Index: | 4.37 |
| Price to Rent Ratio - City Centre: | 14.28 |
| Price to Rent Ratio - Outside of Centre: | 4.70 |
| Gross Rental Yield (City Centre): | 7.00% |
| Gross Rental Yield (Outside of Centre): | 21.28% |
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Rent Per Month |  Edit |
Range |
|---|---|---|
| 1 Bedroom Apartment in City Centre | $966.33 | |
| 1 Bedroom Apartment Outside of City Centre | $1,084.67 | |
| 3 Bedroom Apartment in City Centre | $1,895.00 | |
| 3 Bedroom Apartment Outside of City Centre | $2,190.67 | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | $290.99 | |
| Price per Square Feet to Buy Apartment Outside of Centre | $108.97 | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | $3,926.00 | |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | 5.65 | |
These data are based on 28 entries from 6 contributors over the past 18 months.
Last update: 5 June 2026
Sources and References
Nearby Cities:| Property Prices in Decatur, Illinois | 40.73 miles |
| Property Prices in Havana, Illinois | 49.71 miles |
| Property Prices in Normal, Illinois | 68.16 miles |
| Property Prices in Urbana, Illinois | 92.37 miles |
| Property Prices in Watseka, Illinois | 147.03 miles |
| Property Prices in Davenport, Iowa | 169.71 miles |
| Property Prices in Farmington, Missouri | 169.85 miles |
| Property Prices in Rock Island, Illinois | 172.28 miles |
| Property Prices in Bolingbrook, Illinois | 173.44 miles |
| Property Prices in West Frankfort, Illinois | 174.69 miles |
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