| ZIP Code | 62703 |
|---|---|
| City | Springfield |
| State | Illinois (IL) |
| County | Sangamon County |
| Area Code | 217/447 |
| Elevation | 594 ft |
| Latitude | 39.763035 |
|---|---|
| Longitude | -89.631099 |
| Timezone | Chicago (DST) |
| FIPS | 17167 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 38.1 yrs ↑ 12% since 2019 |
|---|---|
| Avg Household Size | 2.18 |
| Below Poverty | 25.3% ▲ 153% above avg |
| College Grads | 31.9% ▼ 18% below avg |
| Unemployment | 12.2% ▲ 150% above avg |
| No HS Diploma | 262 (1.5%) |
| HS Graduate | 6,473 (36.7%) |
| Some College | 2,823 (16%) |
| Associates | 2,458 (13.9%) |
| Bachelors | 1,609 (9.1%) |
| Graduate Degree | 4,006 (22.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $44,580 ▼ 42% below avg ↑ 10% since 2019 |
|---|---|
| Median Home Value | $93,100 ▼ 67% below avg ↑ 8% since 2019 |
| Home/Income Ratio | 2.1x (nat avg ~3.5x) |
| Median Rent | $971/mo ↑ 21% since 2019 |
| Total Units | 14,320 |
| Vacant Units | 1,952 |
| Avg HH Size | 2.18 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 14,320 |
|---|---|
| Vacant | 1,952 |
| Owner Occupied | 55.9% |
| Renter Occupied | 44.1% |
| Avg HH Size | 2.18 |
ZIP code 62703 is located in Springfield, Illinois, within Sangamon County. With a population of 28,820, this is a moderately populated ZIP code with a middle-aged community — the median age is 38.1 years. Economically, 62703 is a working-class ZIP code: the median household income of $44,580 is below the national average.
Real estate in ZIP code 62703 represents one of the more affordable housing markets in the country. The median home value of $93,100 is well below the national average. Renters can expect to pay around $971 per month in median rent. The area has a relatively balanced mix of owners (55.9%) and renters (44.1%). Median home values have increased by 8% since 2019.
The population of 62703 is majority White (53.19%). Residents are moderately educated — 31.9% hold a bachelor's degree or higher, which is below the national average. Poverty affects a significant share of residents at 25.3%. Household income has grown by 10% since 2019.
The unemployment rate in 62703 stands at 12.2%, which is more than double the national average. About 12% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 73%.
Overall, ZIP code 62703 in Springfield, IL is characterized as working-class, moderately educated, and a middle-aged community. With 28,820 residents, a median household income of $44,580, and a median home value of $93,100, it offers a clear picture of life in this part of Illinois.