Property Prices in Springfield, IL, United States
| Index |  |
|---|---|
| Price to Income Ratio: | 4.20 |
| 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 | 925.00 $ | |
| Apartment (1 bedroom) Outside of Centre | 1,200.00 $ | |
| Apartment (3 bedrooms) in City Centre | 2,050.00 $ | |
| Apartment (3 bedrooms) Outside of Centre | 2,657.50 $ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 376.98 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 103.96 $ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 3,078.50 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.47 |
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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