ZIP Code 62703
standardSource:
Springfield · Sangamon County · Illinois
- Population
- 30,333
- Median income
- $45,009
- Median home value
- $96,500
- Bachelor's or higher
- 22.1%
- Land area
- 39.8 sq mi
762/sq mi
▼ 41% vs US
higher than 9% of US ZIPs
▼ 65% vs US
higher than 9% of US ZIPs
Median age 38.6
Chicago
ZIP code 62703 in Springfield, Illinois has a population of 30,333. The median household income is $45,009, which is 41% below the national average. Median home value is $96,500, 65% below the US average. 22.1% of residents hold a bachelor's degree or higher.
ZIP code 62703 is classified by USPS as a standard delivery area and covers roughly 39.8 square miles in Springfield, Sangamon County, Illinois. The area is home to 30,333 residents, producing a population density of 762 people per square mile, and falls within the Chicago time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 62703 against Illinois and the nation.
On the economic side, the median household income for ZIP 62703 sits at $45,009 (44% below the Illinois average), while per-capita income is $27,156. The poverty rate stands at 29.1% and the unemployment rate at 13.3%. On housing, the median home value is $96,500 (50% below the state average) with median rent at $1,004 per month, and 57.5% of occupied units are owner-occupied, a direct signal of whether 62703 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 22.1% of adults hold a bachelor's degree or higher, the median age is 38.6, and the average commute is 17 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Sangamon County, so you can benchmark 62703 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 62703
Top 5 sectors by establishment count
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 + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, 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; HUD FMR + 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
$27,156
Per Capita Income
29.1%
Poverty Rate
13.3%
Unemployment Rate
17.2 min
Mean Commute Time
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?
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
$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 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 |
More ZIP Codes in Sangamon County
Related Areas
Frequently Asked Questions
What county is ZIP code 62703 in? ▼
What is the population of ZIP code 62703? ▼
What is the median household income in ZIP 62703? ▼
What is the average home value in ZIP 62703? ▼
What is the demographic makeup of ZIP 62703? ▼
How many businesses are in ZIP code 62703? ▼
What are the main industries in ZIP code 62703? ▼
How have home values changed in ZIP code 62703? ▼
What is the education level in ZIP code 62703? ▼
What is the average commute time in ZIP 62703? ▼
What percentage of residents own vs. rent in ZIP 62703? ▼
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ZIP Code Research Guides
Official Data Resources for Springfield, IL
Verify and explore additional data for this area using these official government sources.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023). Business data: Source: Census ZIP Code Business Patterns (ZBP) 2023. Home value trends: Source: FHFA House Price Index (HPI), Five-Digit ZIP Codes.
PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.
Read our methodology , how this data is sourced, computed, and verified.