Zip Code
62703
City
Springfield, IL
Population & Migration
What is the forecasted population for Zip code 62703 Springfield, IL?
- Population census 2020
- 29,644
- Forecasted population 2025
- 28,908
- -2.5% vs. 2020
- Forecasted population 2030
- 28,873
- -2.6% vs. 2020
Zip code 62703 Springfield, IL population is forecasted to decrease -2.5% by 2025 (-7.2 points below the 4.7% national average).
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Housing and Affordability
With a forecasted population of 28,908 people for 2025 zip code 62703 Springfield, IL will generate a good demand for housing, which is expected to have an excess of -369 houses for 2030. Vacancy rate is 2.4 points above national US average.
- Total homes available 2020
- 14,217
- Estimated total home demand in 2030
- 13,847
- Total homes balance inventory
- -369
Average Household Income in zip code 62703 Springfield, IL
from Internal Revenue Service
- Average household income in 2021
- $54,108
Affordability
- Affordability Index
- 1
Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5
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Climate Resiliency
Drinking water violations
How is the quality of drinking water in Zip code 62703 Springfield, IL?
County total number of drinking water violations
104
-54%
226
County total number of drinking water contaminations
14
-39%
23
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