PlainZIP

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
$45,009
Median income
$96,500
Median home value
22.1%
Bachelor's or higher

The verdict

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.

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 Illinois average), while per-capita income is $27,156. 29.1% of residents live below the poverty line, and the unemployment rate reads 13.3%. The typical home here is valued at $96,500 (50% below the state average); renters pay a median of $1,004 monthly, and 57.5% of units are owner-occupied.

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. To put 62703 in local context, 10 ZIP codes within roughly 10 miles appear further down this page alongside 6 additional ZIPs in Sangamon County, for a geography-aware comparison.

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.

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 · ZIP Code Business Patterns (ZBP) As of 2023

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

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 62703?

38.6

Median Age

48.6%

Male

51.4%

Female

3.7%

Foreign-Born

White 55.0%
African American 33.7%
Asian 1.5%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 6.9%
Hispanic or Latino 4.8%

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

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

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). This entry sits in this band. $60,000–$80,000: 9,980 US ZIPs (33%). Above this entry. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

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?

High School Graduate or Higher 58.7%
Bachelor's Degree or Higher 22.1%

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

Owner 57.5%
Renter 42.5%

$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 62703 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 62703 ranks #3 by population - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 62703 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

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.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
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

62704 standard
Springfield, IL
Pop: 39,831
62702 standard
Springfield, IL
Pop: 37,281
62711 standard
Springfield, IL
Pop: 15,347
62629 standard
Chatham, IL
Pop: 12,949
62712 standard
Springfield, IL
Pop: 10,302
62707 standard
Springfield, IL
Pop: 7,648

Related Areas

Sangamon County Springfield, IL Illinois

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.

Read our methodology to see how this data is sourced, computed, and verified.