Property Prices in Springfield, IL, United States

Index Info
Price to Income Ratio: 4.2
Mortgage as Percentage of Income: 34.63%
Loan Affordability Index: 2.89
Price to Rent Ratio - City Centre: 18.21
Price to Rent Ratio - Outside of Centre: 3.87
Gross Rental Yield (City Centre): 5.49%
Gross Rental Yield (Outside of Centre): 25.82%

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Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 925.0 $ 750.0-1,100.0
Apartment (1 bedroom) Outside of Centre 1,200.0 $ 600.0-1,800.0
Apartment (3 bedrooms) in City Centre 2,050.0 $ 1,800.0-2,300.0
Apartment (3 bedrooms) Outside of Centre 2,657.5 $ 715.0-4,600.0
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 376.98 $ 103.96-649.99
Price per Square Feet to Buy Apartment Outside of Centre 103.96 $
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,078.5 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.47 4.25-6.7

These data are based on 19 entries in the past 18 months from 6 different contributors.
Last update: October 2024

Sources and References
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