Housing market · ZIP 62703

Springfield, IL Home Prices & Forecast

Median value and 12-month outlook · as of April 2026

Median home value

$95,148

3-month+1.5%

6-month+3.7%

12-month+6.4%

Touse 12-month forecast

+3.5%

Projected median near $98,526 over the next 12 months

As of April 2026, the median home value in Springfield, IL (ZIP 62703) is $95,148. Prices are rising, up 6.4% over the past year. Touse's model projects a +3.5% change over the next 12 months, putting the median near $98,526.

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Nearby areas in Sangamon

Buffalo 62515 Dawson 62520 Divernon 62530 Glenarm 62536 Illiopolis 62539 Mechanicsburg 62545 Pawnee 62558 Riverton 62561

Estimates are derived from Zillow Research price history and Touse's forecasting model (LightGBM + Prophet). Forecasts are 12-month projections with inherent uncertainty, not guarantees, and are not financial advice. Confirm with a licensed professional before any decision.