| Context | Value |
|---|
| Location | Springfield, IL |
| County | Sangamon County |
| National rank | #1,292 of 14,967 |
| State rank | #51 of 261 |
| City rank | #6 of 22 |
| County rank | #6 of 22 |
| National percentile | 91.4 |
| National band | TOP_10_PERCENT |
Housing and local fundamentals
| Housing and market metrics | Value |
|---|
| Current Zillow home value | $145,408 |
| Year-over-year home value change | 7.4% |
| Month-over-month home value change | 0.88% |
| Home value to income ratio | 2.08 |
| Median household income | $70,036 |
| Bachelor's degree or higher | 46.6% |
| Civilian unemployment rate | 1.7% |
| Homeownership rate | 65.3% |
| Housing vacancy rate | 17.0% |
| Rent burden 30% or higher | 45.9% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Historic West Side
What is the Best Neighborhoods USA ranking for Historic West Side?
Historic West Side is ranked #6 of 22 eligible neighborhoods in Springfield; #51 of 261 eligible neighborhoods in IL; and #1,292 of 14,967 eligible neighborhoods in the United States.
Is Historic West Side one of the best neighborhoods in Springfield?
Historic West Side has a Best Neighborhoods USA Index of 70.3 and a city ranking of #6 of 22 eligible neighborhoods in Springfield.
How much are homes worth in Historic West Side?
The current Zillow Home Value Index for Historic West Side is approximately $145,408.
Are home values rising or falling in Historic West Side?
Zillow neighborhood values changed 7.4% year over year and 0.88% month over month.
What is the Neighborhood Momentum Score for Historic West Side?
Historic West Side has a Neighborhood Momentum Score of 94.4. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Historic West Side?
The NDS-derived neighborhood median household income is approximately $70,036.
How affordable is Historic West Side relative to household income?
The current Zillow home-value-to-household-income ratio is 2.08. Price-to-income affordability is a major Value Opportunity input.
Is Historic West Side primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 65.3%.
What is the unemployment rate in Historic West Side?
The NDS-derived civilian unemployment rate is approximately 1.7%.
How educated are residents of Historic West Side?
Approximately 46.6% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Historic West Side face high rent burden?
Approximately 45.9% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Historic West Side?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
FULL_OR_NEAR_FULL
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry.
These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications132
Estimated originations91
Home-purchase applications84
Origination rate69.0%
Home-purchase share63.4%
Average application loan$127,116
Total application loan amount$16,781,524
National application rank#3,342 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 12.5% YoY; originations 6.1% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography.
This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation.
Rankings require governed geometry coverage. Applicant demographics are excluded.
Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.