Zip Code

62702

City

Springfield, IL

Population & Migration

What is the forecasted population for Zip code 62702 Springfield, IL?

Population census 2020
33,243
Forecasted population 2025
30,889
-0.07% vs. 2020
Forecasted population 2030
30,591
-0.08% vs. 2020

Zip code 62702 Springfield, IL population is forecasted to decrease -0.07% by 2025 (-11.8 points below the 4.7% national average).

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Housing and Affordability

With a forecasted population of 30,889 people for 2025 zip code 62702 Springfield, IL will generate a good demand for housing, which is expected to have an excess of -1,387 houses for 2030. Vacancy rate is 5.1 points above national US average.

Total homes available 2020
17,399
Estimated total home demand in 2030
16,011
Total homes balance inventory
-1,387

Average Household Income in zip code 62702 Springfield, IL
from Internal Revenue Service

Average household income in 2021
$58,733

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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Drinking water violations

How is the quality of drinking water in Zip code 62702 Springfield, IL?

County total number of drinking water violations

119

-51%

244

County total number of drinking water contaminations

14

-42%

24

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