Zip Code

62707

City

Springfield, IL

Population & Migration

What is the forecasted population for Zip code 62707 Springfield, IL?

Population census 2020
7,850
Forecasted population 2025
7,664
-2.4% vs. 2020
Forecasted population 2030
7,724
-1.6% vs. 2020

Zip code 62707 Springfield, IL population is forecasted to decrease -2.4% by 2025 (-7.1 points below the 4.7% national average).

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Housing and Affordability

With a forecasted population of 7,664 people for 2025 zip code 62707 Springfield, IL will generate a good demand for housing, which is expected to have an excess of -56 houses for 2030. Vacancy rate is 6.5 points below national US average.

Total homes available 2020
3,504
Estimated total home demand in 2030
3,447
Total homes balance inventory
-56

Average Household Income in zip code 62707 Springfield, IL
from Internal Revenue Service

Average household income in 2021
$92,245

Affordability

Affordability Index
2

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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Drinking water violations

How is the quality of drinking water in Zip code 62707 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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