Home Affordability in 62701
Springfield, IL — Sangamon County
The median home price in ZIP code 62701 (Springfield) is $135,000 with a median household income of $52,000. The price-to-income ratio is 2.6x.
Median Home Price
$135,000
Median Income
$52,000
Price-to-Income
2.6x
Est. Affordable Home
$202,000
Property Tax Rate
2.00%
Annual Property Tax
$2,700
Cost of Living
86
Metro Area
Springfield MSA
Down Payment Scenarios for ZIP 62701
| Down Payment | Amount | Loan Amount | PMI |
|---|---|---|---|
| 3% | $4,050 | $130,950 | Yes |
| 5% | $6,750 | $128,250 | Yes |
| 10% | $13,500 | $121,500 | Yes |
| 20% | $27,000 | $108,000 | No |
Get a Personalized Estimate
Use our Home Affordability Calculator with your actual income, debts, and down payment.
Calculate Now