Home values, rents and more in ZIP code 62702 (Springfield, IL)
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
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How 62702 compares
The typical home in ZIP code 62702 (Springfield, IL) is worth about $113,000, according to the Zillow Home Value Index for September 2026. Home values in 62702 are 44% below the typical value in the Springfield metro area ($201,000) and 69% below the U.S. typical value ($366,000).
Over the past year, home values in 62702 rose 5.2%, compared with +7.4% in the Springfield metro area and +1.2% nationally.
Typical rent is $1,207 a month (Zillow Observed Rent Index), about the same as the Springfield metro area ($1,207) and 38% below the U.S. ($1,932). Rents rose 8.7% over the past year.
The median household income is $51,136, against $75,895 in the Springfield metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 31,033 people live in 62702 (American Community Survey 2020–24).
62702 has the 2nd-lowest typical home value of the 28 ZIP codes in the Springfield metro area and the 114th-lowest of 1,084 in Illinois with Zillow figures.
Part of: Springfield, IL · Sangamon County, IL · Springfield metro area · Illinois
More for 62702 in ProMap Plus
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- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Zillow 12-month price forecast
- Crime rates
- School test scores
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby ZIP codes
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.