How much is a home worth in ZIP code 62629?

The typical home in 62629 is worth $300,606, based on the Zillow Home Value Index.

Are home values rising in 62629?

Home values in 62629 are up 8.0% over the past year, and up 8.0% a year over five years.

What is the typical rent in 62629?

A typical home in 62629 rents for about $1,660 a month, a gross rental yield of 6.6%.

What is the property tax rate in 62629?

The effective property tax rate in 62629 is 1.8% — roughly $5,510 a year on a typical home.

ZIP code 62629 has a population of 15,413 and a median household income of $107,250.

HousingHandbookReference data

…

U.S. ZIP Code · IL62629

Sangamon County · Springfield, IL

Typical home value

$300,606^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +8.0%
5-year / yr: +8.0%
10-year / yr: +4.9%

Relative price

vs U.S.: +5.8%
vs metro: +37.6%
vs state: +57.2%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 62629 is worth $300,606 — 37.6% above the Springfield, IL median. Over the past year, values have risen 8.0%. Homes here rent for a typical $1,660 a month — a 6.6% gross rental yield. The effective property tax rate is 1.8%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,660^[2]
Gross yield: 6.6%^[2]
Cap rate: 4.0%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.8%^[3]
Typical annual tax: $5,510^[3]

#Climate risk

FEMA National Risk Index ratings for Sangamon County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively High
Heat wave: Relatively Moderate
Hurricane: Very Low
Tornado: Relatively High
Earthquake: Relatively Moderate
Winter weather: Relatively High

#Who lives here

Population: 15,413^[3]
Median household income: $107,250^[3]

#Migration

Household moves in and out of Sangamon County over a year, from IRS tax-return data.

Net migration: -355^[5]
Moved in: 3,586
Moved out: 3,941

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 6
Elementary: 3
Middle: 2
High: 1

Glenwood High School
High · Grades 9–12 · Ball Chatham CUSD 5
1,468 students
Glenwood Middle School
Middle · Grades 7–8 · Ball Chatham CUSD 5
771 students
Glenwood Intermediate Sch
Middle · Grades 5–6 · Ball Chatham CUSD 5
686 students
Ball Elementary School
Elementary · Grades PK–4 · Ball Chatham CUSD 5
609 students
Glenwood Elementary School
Elementary · Grades K–4 · Ball Chatham CUSD 5
609 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield6.6%

Net yield (after ~40% expenses)4.0%

Annual rent$19,920

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,520

Loan principal$240,485

Down payment$60,121

Total interest paid$306,725

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.34

Monthly cost to own$2,229

Monthly rent$1,660

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 96th percentile^[1]
Rental yield: 0th percentile^[2]
Property tax: 58th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 62629?: The typical home in 62629 is worth $300,606, based on the Zillow Home Value Index.
Are home values rising in 62629?: Home values in 62629 are up 8.0% over the past year, and up 8.0% a year over five years.
What is the typical rent in 62629?: A typical home in 62629 rents for about $1,660 a month, a gross rental yield of 6.6%.
What is the property tax rate in 62629?: The effective property tax rate in 62629 is 1.8% — roughly $5,510 a year on a typical home.
Who lives in 62629?: ZIP code 62629 has a population of 15,413 and a median household income of $107,250.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

62625 vs 62629 →
Cantrall, IL
Typical home
$299,519
Gross yield
—
62563 vs 62629 →
Rochester, IL
Typical home
$292,011
Gross yield
—
62536
Chatham, IL
Typical home
$283,523
Gross yield
—
62684
Sherman, IL
Typical home
$323,812
Gross yield
—
62712
Springfield, IL
Typical home
$331,833
Gross yield
—
62693
Williamsville, IL
Typical home
$253,259
Gross yield
—

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#Jump to section

U.S. ZIP Code · IL62629

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