The story of this market
The typical home in ZIP 62659 sells for about $190,000, or $115 per square foot.
Prices are up +2.6% from a year ago, so sellers still have some momentum. Homes take about 7 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 62659 — Lincolns New Salem
The Springfield housing market remains highly competitive with low inventory and rapid turnover. Prices have seen modest year-over-year growth, supported by steady demand despite broader economic headwinds. Figures reflect city-wide data for Springfield, IL, as specific ZCTA-level market metrics are not published.
Median prices moved up 2.6% year over year.
Homes spend a median of 7 days on market with 1.3 months of supply — a fast-moving market.
3% of listings have cut prices · homes sell at 99.8% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 12.0% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 62659, Sangamon County IL
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
Data aggregated from Sangamon County/Springfield city-level census profiles.
- Illinois State Fairground4.518.2 mi
- Bank of Springfield Center4.419.8 mi
- Boone's4.419.7 mi
- Springfield Mile Orr Building4.517.7 mi
- Hoogland Center For The Arts4.719.9 mi
- Lincoln Home National Historic Site4.820 mi
- Abraham Lincoln Presidential Library and Museum4.819.6 mi
- Lincoln's New Salem State Historic Site4.74.2 mi
- Illinois State Museum4.619.7 mi
- Dana-Thomas House State Historic Site4.820 mi
- Abraham Lincoln Capital Airport4.116.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.