Interested in purchasing investment houses in the 62707 zip code in Springfield, IL?
The zip code 62707 is in Sangamon county with a latitude of -89.654390000000 and longitude of 39.854380000000, is in the state of Illinois. The average asking price of houses and condos is $185,219.00 and the average sale price was $135,514.00. 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° 51' 15.768" N, 89° 39' 15.804" W. The county F.I.P.S. is 17167. This zip code contains five cities including Springfield, IL (14.00%), Sherman, IL (0.98%), Riverton, IL (0.74%), Clear Lake, IL (0.24%), and Spaulding, IL (0.00%) The total land area is 42.9 square miles and the water area is 0.6 square miles. The elevation in this area is 528 - 581 feet. The zip code is on central standard time and observes daylight savings time.
The zip 62707 is in county number 167 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 7,174 in 2019 and 7,648 in 2010. Of this, the break down in 2019 was 5,665 urban and 1,508 rural. This further breaks down to 3,545 males (49.4%) and 3,629 females (50.6%). The median age of residents is 47.2 years. The population of the greater Springfield, IL area is 207,610. The population density (people per square mile) is 167. This zip code has a combined total of 3,322 houses and condos. There are 385 rented appartments. 12% of residents rent versus the 12% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $59,164 and the average salary is $46,751. The median household income of individuals is $60,884.00 and the average is $67,460.00. This zip code has a mean commute time to work of 20.9 minutes. The unemployment rate is 5.0%. Income earners by percent breakdown as 36.50% (Under $50,000), 45.20% ($50,000-$100,000), and 18.30% earn over $100,000. 10.2% of residents live below poverty line versus the 11.5% in the state that are below this line. The cost of living index is 84.5. The educational breakdown is 92.7% have a high school education or higher, 21.5% have a bachelor's degree or higher, and 8.8% have some kind of profesional degree.
This area has 3,049 households and the average size is 2.2 people. Individuals who are single and have never been married are 27.2%, 50.5% are now married, 1.6% are separated, 6.4% are widowed, and 14.3% are divorced. The average yearly contribution amount given by people to charity was $3,748 versus the state average of $4,525. The percent of residents who gave to charity was 22.4%.
The estimated median value of houses and condos is $149,497. The median monthly owner costs of mortgage holders was $1,233, where as the costs for those who don't have a mortgage are $572. The median number of rooms in houses and condos are 6.1 versus apartments which had a median number of 4.9.
The real estate tax percent rate is 1.8% which equated to an average real estate tax amount payment of $2,723. 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 1.9% which amounted to an average tax amount of $2,836. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.6% which amounted to an average tax amount of $2,417. Reported taxable interest for persons was $1,360, dividends $3,407, capital gains +$8,200, and itemized deductions $18,373. The average earned income tax credit is $2,021. The percent of individuals that use a tax preparer is 51.0%. The total average income taxes paid by individuals was $8,309. Businesses reported an average profit of $14,717.
Star 66 Cafe
3752 Camp Butler Rd, Springfield, IL 62707
Cafe Coco
3705 N Dirksen Pkwy, Springfield, IL 62707
Alexander's Steakhouse
620 N Bruns Ln, Springfield, IL 62702 (1.6 miles away)
Hilton Hotels & Resorts
700 E Adams St, Springfield, IL 62701 (3.8 miles away)
The Final Four Sports Bar & Grill
128 N 1st St, Sherman, IL 62684 (5.3 miles away)
Hg Steakhouse And Grill
620 S 1st St, Springfield, IL 62704 (6 miles away)
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