Deerwood Lake, Springfield, IL
Deerwood Lake — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Deerwood Lake, Springfield, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Deerwood Lake Neighborhood Overview
Deerwood Lake is a residential neighborhood located in Springfield, Illinois, within the 62701 ZIP code. Centered around its namesake lake, the area offers a quiet, suburban atmosphere within the state capital. It provides residents with a blend of natural scenery and convenient city access.
Lifestyle & Amenities
The neighborhood's defining feature is Deerwood Lake itself, which serves as a scenic centerpiece for the community. Residents enjoy a peaceful environment ideal for walking and outdoor relaxation. While specific retail and dining are primarily found in nearby commercial corridors, the setting prioritizes residential tranquility.
Real Estate Market
The real estate in Deerwood Lake consists primarily of single-family homes, many with appealing views of the water. According to U.S. Census data, the median home value in the area is $292,500. This positions the neighborhood above the Springfield city average, reflecting its desirable lakeside location.
Schools & Education
Families in Deerwood Lake are served by the Springfield Public Schools District 186. The specific assigned schools for the neighborhood can vary, so prospective residents should verify current district boundaries. The area's family-friendly environment makes school quality a priority for many homeowners.
Transportation & Connectivity
Deerwood Lake is conveniently situated with good access to major Springfield thoroughfares, including Interstate 72 and Route 4. This connectivity allows for reasonable commutes to downtown Springfield, medical centers, and shopping areas. Public transportation options are available through the Springfield Mass Transit District.
Why Choose Deerwood Lake
Deerwood Lake is an excellent choice for those seeking a serene, nature-oriented community without sacrificing urban convenience. The picturesque lake setting provides a unique character rarely found so close to the city center. It represents a stable residential enclave for homeowners valuing peace, privacy, and a strong sense of place.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
Deerwood Lake Market Data
| Metric | Value |
|---|---|
| Median Gross Rent | $604/mo |
| Median Household Income | $32K |
| Homeownership Rate | 3.0% |
| Renter-Occupied | 97.0% |
| Rental Vacancy Rate | 14.7% |
| Market Type | Buyer's |
| Market Tier | Mid-Market |
| Primary ZIP Code | 62701 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 262,923 |
| VA Loan Originations | 10,875 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $270K |
| Conventional Loan Originations | 219,732 |
| FHA Loan Originations | 32,316 |
Top Real Estate Agents in Deerwood Lake, Springfield
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Deerwood Lake, Springfield, IL. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Illinois Department of Financial and Professional Regulation (IDFPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-10