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Home appreciation in Springfield, IL

Over the five years ending 2025, home prices in Springfield, IL grew an average of 7.6% a year.

Price growth at a glance

1-year

+5.7%

2025 over 2024. Illinois: +6.6%.

5-year, per year

+7.6%

Average annual growth, 2020 to 2025. Illinois: +8.3%.

10-year, per year

+4.4%

+54.1% in total since 2015. Illinois: +5.5%.

How does your home compare?

Springfield, IL home prices rose 54.1% over the ten years to 2025, while its ZIP codes ranged from +39.4% to +58.3%. Look up your home to see where it ranks among the homes around it.

Your first analysis is free.

A model-generated estimate and analytical context, not investment advice. Investing? Score any property free

How Springfield, IL compares with Illinois

Illinois averaged +8.3% a year, putting Springfield, IL behind the state overall. For five-year price growth, Springfield, IL ranks 317th out of 409 metros nationwide and 10th out of 10 in Illinois.

Index, 2005 = 100

Springfield, IL and Illinois, quarterly house price index rebased to 100 in 2005.
YearSpringfield, ILIllinois
2005 Q1100100
2005 Q2100102
2005 Q3102104
2005 Q4102106
2006 Q1103108
2006 Q2103109
2006 Q3104109
2006 Q4105111
2007 Q1105111
2007 Q2105111
2007 Q3105110
2007 Q4106110
2008 Q1106110
2008 Q2107108
2008 Q3105104
2008 Q4106104
2009 Q1106103
2009 Q2106100
2009 Q310697
2009 Q410696
2010 Q110795
2010 Q210794
2010 Q310794
2010 Q410894
2011 Q110891
2011 Q210889
2011 Q310889
2011 Q410889
2012 Q110888
2012 Q210987
2012 Q310988
2012 Q411088
2013 Q111187
2013 Q211188
2013 Q311188
2013 Q411088
2014 Q111089
2014 Q211190
2014 Q311292
2014 Q411292
2015 Q111393
2015 Q211494
2015 Q311494
2015 Q411595
2016 Q111595
2016 Q211696
2016 Q311798
2016 Q411898
2017 Q111697
2017 Q211799
2017 Q3118100
2017 Q4117100
2018 Q1118101
2018 Q2118101
2018 Q3117102
2018 Q4118101
2019 Q1119102
2019 Q2119104
2019 Q3120105
2019 Q4121105
2020 Q1121106
2020 Q2121106
2020 Q3122107
2020 Q4124109
2021 Q1125110
2021 Q2130115
2021 Q3133119
2021 Q4136122
2022 Q1139125
2022 Q2148132
2022 Q3151134
2022 Q4150132
2023 Q1149134
2023 Q2155139
2023 Q3162142
2023 Q4160143
2024 Q1159145
2024 Q2166150
2024 Q3169152
2024 Q4170153
2025 Q1170155
2025 Q2175159
2025 Q3180162
2025 Q4177163
2026 Q1179164
2026 Q2184169

Chart through 2026 Q2. Annual growth figures through 2025.

Growth was stronger over the last five years than over the full decade: +4.4% a year over ten years, +54.1% in total.

Over this history, home prices rose in every year.

The strongest year was 2022 at +12.3%, and the weakest was 2009 at +0.1%.

In 2025 alone the index moved +5.7%, against +6.6% for the state.

ZIP codes in Springfield, IL

Over the ten years to 2025, the 16 ZIP codes FHFA measures in this metro ranged from +39.4% in 62615 to +58.3% in 62677, while the metro as a whole rose 54.1%.

Fastest-rising ZIP codes

10-year change

  1. 62677+58.3%
  2. 62702+56.1%
  3. 62563+54.5%
  4. 62684+53.5%
  5. 62558+53.0%

Slowest-rising ZIP codes

10-year change

  1. 62615+39.4%
  2. 62670+39.6%
  3. 62707+42.9%
  4. 62711+45.9%
  5. 62561+46.0%
ZIP codes in Springfield, IL ranked by 10-year home-price change through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
62677+6.6%+8.1%+4.7%+58.3%
62702+4.5%+8.0%+4.6%+56.1%
62563+7.9%+7.2%+4.4%+54.5%
62684+2.9%+7.7%+4.4%+53.5%
62558+15.6%+7.7%+4.3%+53.0%
62613+11.2%+6.6%+4.3%+51.7%
62704+7.9%+7.7%+4.2%+51.5%
62712+1.9%+7.2%+4.2%+51.2%
62675+5.9%+7.4%+4.2%+50.8%
62629+4.2%+7.6%+4.2%+50.7%
62703-0.2%+6.8%+3.9%+47.3%
62561-2.8%+6.2%+3.9%+46.0%
62711+6.7%+7.0%+3.8%+45.9%
62707-0.9%+5.6%+3.6%+42.9%
62670+2.5%+4.5%+3.4%+39.6%
62615-2.3%+5.6%+3.4%+39.4%

What a home report shows

Enter an address and you get a score out of 10 for how the home ranks on appreciation potential against comparable homes in its market, with the nearby sales behind it. Here is one saved report.

Example report · saved October 14, 2026

165 N Canal St, Apt 1205, Chicago, IL 60606

Appreciation score

4.1 / 10

Around the median

Where it ranks

Ranks above about 41% of comparable homes in Chicago, IL for appreciation potential.

Price against nearby sales

Priced below most nearby sales, at $300 per square foot across 6 comparable sales.

Read the full example report

Year by year

Annual house price index for Springfield, IL and Illinois, 2005 = 100 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
2005100.0—100.0
2006102.5+2.5%105.6
2007104.4+1.8%107.2
2008104.8+0.4%103.0
2009105.0+0.1%96.1
2010106.1+1.1%91.1
2011106.8+0.7%86.7
2012107.8+0.9%85.0
2013109.8+1.9%85.2
2014110.1+0.3%87.8
2015112.8+2.4%90.9
2016115.2+2.2%93.6
2017115.7+0.5%95.9
2018116.7+0.8%97.9
2019118.6+1.6%100.7
2020120.7+1.8%103.6
2021129.6+7.4%112.7
2022145.6+12.3%126.6
2023154.7+6.3%134.8
2024164.4+6.3%145.1
2025173.7+5.7%154.7

The 10 measured metros in Illinois

Measured metros in Illinois ranked by 5-year home-price appreciation through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
#
1Rockford, IL+8.3%+11.1%+7.4%
2Elgin, IL (metropolitan division)+6.5%+9.4%+6.4%
3Lake County, IL (metropolitan division)+7.6%+9.2%+5.4%
4Bloomington, IL+3.9%+9.1%+4.8%
5Champaign-Urbana, IL+6.3%+8.8%+5.3%
6Kankakee, IL+3.5%+8.4%+5.7%
7Chicago-Naperville-Schaumburg, IL (metropolitan division)+6.6%+8.1%+5.5%
8Decatur, IL+4.5%+7.9%+4.7%
9Peoria, IL+6.6%+7.6%+4.1%
10Springfield, IL+5.7%+7.6%+4.4%

Source & method: Metro figures: FHFA quarterly all-transactions index for metropolitan statistical areas and metropolitan divisions, annualized as the mean of the four quarterly (NSA) values. State figures: FHFA quarterly all-transactions index, annualized as the mean of the four quarterly (NSA) values. The chart uses quarterly readings, with each series set to 100 in the first quarter of 2005. ZIP figures: FHFA annual five-digit ZIP index (developmental), ZIPs with sufficient transaction history. Missing years are reported as missing by FHFA and are not estimated. Each ZIP is placed in the metro that holds the county with most of its housing units. “5-yr /yr” and “10-yr /yr” are compound annual growth over the window ending 2025; all figures are nominal. Data published by the FHFA House Price Index; this edition compiled 2026-10-17. Educational data, not investment advice.

See the Illinois row in the state rankings, the county rankings, and, for why one metro number hides so much, why two homes in the same ZIP code appreciate differently.

How does your home compare?

See how your home ranks against nearby homes. Your first analysis is free.

Look up your home

Investing? Score any property free

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Measured FHFA data · chart through 2026 Q2