Interested in purchasing investment houses in the 62703 zip code in Springfield, IL?
The zip code 62703 is in Sangamon county with a latitude of -89.629820000000 and longitude of 39.761800000000, is in the state of Illinois. The average asking price of houses and condos is $78,729.00 and the average sale price was $150,270.00. this regions is classified as the Champaign - Springfield metro area and consists of the following area codes: 217 and 447. The location in degrees is 39° 45' 42.48" N, 89° 37' 47.352" W. The county F.I.P.S. is 17167. This zip code contains two cities including Springfield, IL (79.28%), and Southern View, IL (3.33%) The total land area is 15.4 square miles and the water area is 0.0 square miles. The elevation in this area is 568 - 591 feet. The zip code is on central standard time and observes daylight savings time.
The zip 62703 is in county number 167 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 30,155 in 2019 and 30,333 in 2010. Of this, the break down in 2019 was 29,955 urban and 199 rural. This further breaks down to 13,690 males (45.4%) and 16,465 females (54.6%). The median age of residents is 34.5 years. The population of the greater Springfield, IL area is 207,610. The population density (people per square mile) is 1,962. This zip code has a combined total of 13,812 houses and condos. There are 5,286 rented appartments. 43% of residents rent versus the 43% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $34,661 and the average salary is $30,122. The median household income of individuals is $39,421.00 and the average is $38,980.00. This zip code has a mean commute time to work of 17.9 minutes. The unemployment rate is 8.7%. Income earners by percent breakdown as 61.20% (Under $50,000), 30.70% ($50,000-$100,000), and 8.10% earn over $100,000. 26.9% of residents live below poverty line versus the 11.5% in the state that are below this line. The cost of living index is 84.6. The educational breakdown is 86.1% have a high school education or higher, 20.4% have a bachelor's degree or higher, and 7.5% have some kind of profesional degree.
This area has 12,224 households and the average size is 2.3 people. Individuals who are single and have never been married are 46.1%, 32.0% are now married, 1.9% are separated, 5.7% are widowed, and 14.3% are divorced. The average yearly contribution amount given by people to charity was $4,021 versus the state average of $4,525. The percent of residents who gave to charity was 11.2%.
The estimated median value of houses and condos is $95,094. The median monthly owner costs of mortgage holders was $922, where as the costs for those who don't have a mortgage are $428. The median number of rooms in houses and condos are 5.6 versus apartments which had a median number of 4.6.
The real estate tax percent rate is 1.7% which equated to an average real estate tax amount payment of $1,573. In comparision, the average real estate tax percent rate in the state is 2.2% which equated to an average real estate tax amount payment in the state of $4,527. The median housing property tax percent for residents with mortgages was 1.8% which amounted to an average tax amount of $1,729. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.4% which amounted to an average tax amount of $1,276. Reported taxable interest for persons was $772, dividends $2,438, capital gains +$2,287, and itemized deductions $15,067. The average earned income tax credit is $2,606. The percent of individuals that use a tax preparer is 47.0%. The total average income taxes paid by individuals was $5,384. Businesses reported an average profit of $7,356.
Red Lobster
2696 S Dirksen Pkwy, Springfield, IL 62703
Carter's Fish Market
1900 S Grand Ave E, Springfield, IL 62703
Smokey Bones Springfield
2660 S Dirksen Pkwy, Springfield, IL 62703
Ruby's Hangout
3325 S 6th Street Rd, Springfield, IL 62703
Capital City Bar & Grill
3149 S Dirksen Pkwy, Springfield, IL 62703
Mac's Lounge
1231 E Cook St, Springfield, IL 62703
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