The story of this market
The typical home in ZIP 62670 sells for about $203,878, or $125 per square foot.
Prices are up +7.2% from a year ago, so sellers still have some momentum. Homes take about 37 days to sell. HUD's fair market rent for a two-bedroom is $708 a month.
ZIP 62670 — New Berlin
The housing market in the 62670 area remains stable, characterized by moderate price growth and low inventory levels. While the broader Springfield metro area has seen some volatility, this ZIP maintains steady demand driven by its appeal to families and commuters. Current conditions reflect a balanced market with limited supply supporting home values.
This ZIP is well-suited for families and individuals seeking a quieter, village-style environment while maintaining proximity to the employment and service hubs of Springfield.
Median prices moved up 7.2% year over year.
Homes spend a median of 37 days on market with 1.3 months of supply — a fast-moving market.
3% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.0% · poverty 6.6% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 62670, Sangamon County IL
Not determinable at the ZIP level; regional crime data is aggregated at the county level.
The area is served by local school districts with generally stable performance metrics typical of the Springfield metropolitan region.
The region faces standard Midwestern climate risks, including severe thunderstorms and occasional wind events; flood risk is localized.
Economic momentum is tied to the Springfield metropolitan area, which serves as a hub for state government, healthcare, and education sectors.
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.
Residents typically commute by car toward Springfield, the primary employment core, via regional highway corridors.
The area offers access to local village parks and is within a short drive of the broader recreational amenities and shopping districts of Springfield.
The rental market is characterized by moderate demand and limited inventory, with rents reflecting the broader Springfield metro cost of living.
The economy is anchored by state government operations, healthcare systems, and educational institutions located in the nearby Springfield metro area.
Transportation is primarily automobile-dependent, with regional access provided by state highways connecting to the Springfield urban core.
Development is largely focused on residential infill and maintenance of existing infrastructure within the village limits.
The Sangamon County Assessor manages property valuations for tax purposes, following state-mandated assessment cycles.
Parcels are subject to local school district, county, and municipal tax levies typical of Illinois jurisdictions.
Property insurance premiums are influenced by regional exposure to severe weather events, including wind and hail.
Illinois is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Illinois law requires sellers to provide a residential real property disclosure report detailing the condition of the property.
Data retrieved from US Census Bureau ZCTA-level tables and World Population Review.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Knight's Action Park4.211.9 mi
- Malibu Jack's Springfield4.710.8 mi
- Sky Zone Trampoline Park4.310.4 mi
- BounceTag4.59.8 mi
- Chuck E. Cheese3.912.6 mi
- Illinois State Fairground4.515.1 mi
- Golden Corral Buffet & Grill4.214 mi
- Bank of Springfield Center4.414.3 mi
- Knight's Action Park4.211.9 mi
- Malibu Jack's Springfield4.710.8 mi
- Knight's Action Park4.211.9 mi
- Malibu Jack's Springfield4.710.8 mi
- AMC Springfield 124.29.5 mi
- Washington Park4.712.3 mi
- BounceTag4.59.8 mi
- Lincoln Home National Historic Site4.814.2 mi
- Abraham Lincoln Presidential Library and Museum4.814.2 mi
- Lincoln's New Salem State Historic Site4.715.8 mi
- Illinois State Museum4.613.6 mi
- Dana-Thomas House State Historic Site4.813.8 mi
- Washington Park4.712.3 mi
- Spartan Sports Park4.412.8 mi
- Centennial Park4.68 mi
- Washington Park Botanical Garden4.712 mi
- Chatham Community Park4.512.7 mi
- Island Bay Yacht Club4.716 mi
- Piper Glen Golf & Social Club4.411.8 mi
- Illini Country Club4.612 mi
- Brookhills Golf Club4.48.6 mi
- Pasfield Golf Course4.512.2 mi
- White Oaks Mall3.910.8 mi
- Meijer4.310.9 mi
- Hy-Vee Grocery Store4.512.7 mi
- Kohl's4.110.5 mi
- T.J. Maxx4.310.5 mi
- Abraham Lincoln Capital Airport4.113.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Local community green space serving the village residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.