Springfield, IL · standard
ZIP Code 62703
Sangamon County, Illinois - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 30,333
- 762/sq mi High-density area
- $45,009
- Median income Below-median income area
- $96,500
- Median home value Below-median home value
- 22.1%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
Springfield pairs one of the lowest household incomes in the country with among the most affordable home values nationally, in a low-density, mixed-tenure area.
- 9th pct
- household income, US ZIPs
- 9th pct
- home value, US ZIPs
- 762
- people per sq mi
- 58%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 62703 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 62703 (Springfield, IL) rose +10.2% from 2023 to 2024. The all-transactions index moved from 157.6 in 2023 to 173.7 in 2024 (2000 = 100).
ZIP code 62703 is a densely settled ZIP (a standard USPS delivery area) in Springfield, Sangamon County, Illinois, with 30,333 residents across 39.8 square miles, a density of 762 people per square mile, in the Chicago time zone.
ZIP 62703 reports a modest median household income of $45,009 (44% below the average Illinois ZIP), while per-capita income is $27,156. Economic pressure is pronounced: 29.1% of residents are below the poverty line and unemployment is 13.3%. Home values sit below the statewide ZIP benchmark: the median is $96,500 (50% below the average Illinois ZIP), and median rent is $1,004; owner occupancy is 57.5%.
Educational attainment sits below the national norm: 22.1% of adults hold a bachelor's degree or higher, the median age is 38.6, and the average commute is 17 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Sangamon County, so 62703 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 62703
Top 5 sectors by establishment count in Springfield, IL
Which industries have the most business establishments in ZIP 62703.
- Other services (except public administration)
Other services (except public administration)
138 establishments
- Retail trade
Retail trade
116 establishments
- Accommodation and food services
Accommodation and food services
107 establishments
- Health care and social assistance
Health care and social assistance
82 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
77 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 62703, Springfield, IL · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
30,333
Population
39.8
Area (sq mi)
762
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 62703?
38.6
Median Age
48.6%
Male
51.4%
Female
3.7%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$45,009
Median Household Income
-44% vs state ZIP avg
$27,156
Per Capita Income
29.1%
Poverty Rate
13.3%
Unemployment Rate
17.2 min
Mean Commute Time
How ZIP 62703 ranks nationally
Springfield, IL household income vs. every US ZIP code
Median household income, the full national distribution, with this ZIP marked
$45,009 9th percentile higher than 9% of 30,318 US ZIPs
Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
14,497housing units
14,497
Total Housing Units
12,316
Occupied Units
2,181
Vacant Units
2.19
Avg Household Size
Occupancy Type
$96,500
Median Home Value
-50% vs state ZIP avg
$1,004
Median Rent
1960
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+10.2%
YoY Change (2024)
174
HPI Index (2000 = 100)
+74%
Total Change Since 2000
Home values in ZIP 62703 have increased 10.2% over the past year (2024). Since 2000, this ZIP has seen +74% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +3.2% | 125 |
| 2021 | +4.5% | 131 |
| 2022 | +11.0% | 145 |
| 2023 | +8.6% | 158 |
| 2024 | +10.2% | 174 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 839 business establishments in ZIP 62703, employing approximately 15,002 people with a combined annual payroll of $712,553,000.
839
Businesses
15,002
Employees
$712.6M
Annual Payroll
17
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Other services (except public administration) | 138 | 16.4% |
| Retail trade | 116 | 13.8% |
| Accommodation and food services | 107 | 12.8% |
| Health care and social assistance | 82 | 9.8% |
| Professional, scientific, and technical services | 77 | 9.2% |
| Finance and insurance | 48 | 5.7% |
| Wholesale trade | 47 | 5.6% |
| Administrative and support and waste management and remediation services | 43 | 5.1% |
| Construction | 42 | 5.0% |
| Real estate and rental and leasing | 41 | 4.9% |
| Transportation and warehousing | 21 | 2.5% |
| Information | 21 | 2.5% |
| Manufacturing | 20 | 2.4% |
| Arts, entertainment, and recreation | 18 | 2.1% |
| Educational services | 11 | 1.3% |
| Management of companies and enterprises | 4 | 0.5% |
| Industries not classified | 3 | 0.4% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 62703 vs 62701 →
ZIP 62703 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 62704
Springfield (62704)
39,831 residents
- 62702
Springfield (62702)
37,281 residents
- 62703
Springfield (62703)
30,333 residents
- 62711 15,347
Springfield (62711)
15,347 residents
- 62629 12,949
Chatham (62629)
12,949 residents
- 62712 10,302
Springfield (62712)
10,302 residents
- 62707 7,648
Springfield (62707)
7,648 residents
- 62563 5,686
Rochester (62563)
5,686 residents
- 62684 5,111
Sherman (62684)
5,111 residents
What this shows Among its immediate neighbors, ZIP 62703 ranks #3 by population - useful context the national average alone can't give.
ZIP 62703 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 62684
Sherman (62684)
$139,196 median income
- 62711
Springfield (62711)
$124,816 median income
- 62563
Rochester (62563)
$117,255 median income
- 62712
Springfield (62712)
$110,179 median income
- 62629
Chatham (62629)
$107,250 median income
- 62536
Glenarm (62536)
$95,809 median income
- 62707
Springfield (62707)
$89,926 median income
- 62704
Springfield (62704)
$69,976 median income
- 62702 $51,136
Springfield (62702)
$51,136 median income
What this shows By household income, ZIP 62703 ranks #null of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 62701 | Springfield, IL | 1,152 | 2.9 mi |
| 62712 | Springfield, IL | 10,302 | 2.7 mi |
| 62704 | Springfield, IL | 39,831 | 3.1 mi |
| 62702 | Springfield, IL | 37,281 | 4.3 mi |
| 62711 | Springfield, IL | 15,347 | 5.3 mi |
| 62707 | Springfield, IL | 7,648 | 6.5 mi |
| 62536 | Glenarm, IL | 912 | 9.2 mi |
| 62629 | Chatham, IL | 12,949 | 7.3 mi |
| 62563 | Rochester, IL | 5,686 | 7.5 mi |
| 62684 | Sherman, IL | 5,111 | 10.4 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 62703, both outside IL so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (30,333 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Sangamon County
Related Areas
Frequently Asked Questions
What county is ZIP code 62703 in?
ZIP code 62703 (Springfield) is located in Sangamon County, Illinois. Sangamon County contains multiple ZIP codes, see the full list at /counties/sangamon-il.
What is the population of ZIP code 62703?
ZIP code 62703 in Springfield, IL has a population of 30,333 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 62703?
The median household income in ZIP 62703 is $45,009, which is 41% below the national average of $76,288.
What is the average home value in ZIP 62703?
The median home value in ZIP 62703 is $96,500, which is 65% below the national average of $278,155.
What is the demographic makeup of ZIP 62703?
The largest racial group in ZIP 62703 is White at 55.0%. Hispanic or Latino residents make up 4.8% of the population.
How many businesses are in ZIP code 62703?
ZIP code 62703 has 839 business establishments employing approximately 15,002 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 62703?
The top industries by establishment count in ZIP 62703 are: Other services (except public administration) (138), Retail trade (116), Accommodation and food services (107). There are 17 industry sectors represented in total.
How have home values changed in ZIP code 62703?
According to the FHFA House Price Index, home values in ZIP 62703 increased by 10.2% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 74%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 62703?
In ZIP code 62703, 58.7% of residents aged 25+ have a high school diploma or higher, and 22.1% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 62703?
The mean commute time for workers in ZIP code 62703 is 17.2 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 62703?
In ZIP code 62703, approximately 57.5% of occupied housing units are owner-occupied and 42.5% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 62703?
The poverty rate in ZIP code 62703 is 29.1% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 62703's numbers, next.
- See how ZIP 62703 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Springfield, IL ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
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ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.