Rental numbers for the Springfield, IL metro
The typical home here runs -$651 a month at 7.78% with 25% down, breaking even at about 0.2%. 2 of 5 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 7.1%.
- Gross yield
- 7.2%
- typical home, Zillow
- Median ZIP yield
- 7.1%
- 5 ZIPs with full data
- Cash flow
- -$651/mo
- at 7.78%, 25% down
- Typical price
- $200,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,197/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
27 with published figures
| 62703Springfield | $97,000 | $1,123 | 14.0% | 7.5% | +$80 | n/a |
| 62702Springfield | $113,000 | $1,196 | 12.7% | 6.6% | +$11 | +6.0% |
| 62530Divernon | $155,000 | $1,110* | 8.6% | 3.5% | -$388 | n/a |
| 62688Petersburg | $157,000 | $1,110* | 8.5% | 3.8% | -$349 | n/a |
| 62539Illiopolis | $145,000 | $1,020* | 8.4% | 3.5% | -$359 | n/a |
| 62561Riverton | $209,000 | $1,390* | 8.0% | 3.3% | -$543 | n/a |
| 62642Greenview | $158,000 | $1,040* | 7.9% | 3.3% | -$423 | n/a |
| 62673Oakford | $155,000 | $1,020* | 7.9% | 3.0% | -$450 | n/a |
| 62615Auburn | $189,000 | $1,200* | 7.6% | 3.3% | -$500 | n/a |
| 62704Leland Grove | $190,000 | $1,127 | 7.1% | 2.1% | -$688 | +3.0% |
| 62711Springfield | $369,000 | $2,150 | 7.0% | 2.5% | -$1,220 | n/a |
| 62558Pawnee | $194,000 | $1,080* | 6.7% | 2.0% | -$723 | n/a |
| 62563Rochester | $299,000 | $1,620* | 6.5% | 2.3% | -$1,046 | n/a |
| 62661Loami | $210,000 | $1,120* | 6.4% | 2.0% | -$776 | n/a |
| 62613Athens | $227,000 | $1,190* | 6.3% | 1.9% | -$854 | n/a |
| 62629Chatham | $308,000 | $1,604 | 6.2% | 1.9% | -$1,172 | n/a |
| 62693Williamsville | $261,000 | $1,350* | 6.2% | 1.5% | -$1,071 | n/a |
| 62684Sherman | $332,000 | $1,670* | 6.0% | 1.7% | -$1,328 | n/a |
| 62707Springfield | $234,000 | $1,150* | 5.9% | 1.4% | -$978 | n/a |
| 62670Pleasant Plains | $233,000 | $1,140* | 5.9% | 1.6% | -$946 | n/a |
| 62520Dawson | $239,000 | $1,160* | 5.8% | 1.8% | -$927 | n/a |
| 62545Mechanicsburg | $218,000 | $1,060* | 5.8% | 1.7% | -$865 | n/a |
| 62675Petersburg | $230,000 | $1,080* | 5.6% | 1.4% | -$978 | n/a |
| 62677Pleasant Plains | $257,000 | $1,160* | 5.4% | 1.2% | -$1,138 | n/a |
| 62536Glenarm | $291,000 | $1,210* | 5.0% | 1.1% | -$1,307 | n/a |
| 62712Springfield | $336,000 | $1,390* | 5.0% | 0.9% | -$1,572 | n/a |
| 62625Cantrall | $310,000 | $1,180* | 4.6% | 0.5% | -$1,530 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +7.9%
- Rent, 12 months
- +2.9%
- Rent minus price growth
- -4.9 pts
- Property tax
- 1.83%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $153,269 | $889 |
| Aug 2022 | $160,280 | $965 |
| Aug 2023 | $170,086 | $1,029 |
| Aug 2024 | $176,265 | $1,096 |
| Aug 2025 | $185,452 | $1,163 |
| Aug 2026 | $200,021 | $1,197 |
Counties
- Sangamon County, IL7.1% median yield
- Menard County, ILn/a median yield
Tools
Questions
- Is the Springfield, IL metro good for rental property?
- The typical home here runs -$651 a month at 7.78% with 25% down, breaking even at about 0.2%. 2 of 5 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 7.1%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Springfield, IL metro have the highest rental yield?
- 62703 (Springfield) at 14.0%, 62702 (Springfield) at 12.7%, 62704 (Leland Grove) at 7.1%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.