Iles Park, Springfield, IL
Iles Park — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Iles Park, Springfield, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Iles Park Neighborhood Overview
Iles Park is a residential neighborhood located in the heart of Springfield, Illinois, within the 62701 ZIP code. The area offers a central urban living experience, characterized by its historic homes and proximity to key city landmarks. It provides residents with a classic Midwestern community atmosphere in the state capital.
Lifestyle & Amenities
The neighborhood is anchored by its namesake park, Iles Park, which serves as a community green space for recreation and relaxation. Residents enjoy convenient access to downtown Springfield's museums, government buildings, and dining options. The area fosters a quiet, residential lifestyle while being just minutes from the city's core attractions.
Real Estate Market
The Iles Park real estate market is notably affordable, with a Census-reported median home value of $47,500. Current market data indicates an asking price per square foot of approximately $28.37, reflecting the area's value-oriented housing stock. The market consists primarily of historic single-family homes that appeal to first-time homebuyers and investors.
Schools & Education
Families in Iles Park are served by the Springfield Public Schools District 186. The neighborhood's central location provides access to a variety of public educational institutions. For higher education, residents are close to several colleges and universities in the Springfield area.
Transportation & Connectivity
The neighborhood benefits from excellent connectivity due to its central Springfield location. Major city thoroughfares provide easy access to downtown, commercial areas, and Interstate 55. Public transportation via the Springfield Mass Transit District offers additional options for commuting and travel throughout the city.
Why Choose Iles Park
Iles Park is an ideal choice for those seeking an affordable, historic neighborhood with a true in-town location. It offers a unique combination of quiet streets, community park space, and unmatched proximity to the cultural and political center of Illinois. The market presents a compelling opportunity for value-conscious buyers looking to live in Springfield's urban core.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Iles Park 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 | Affordable |
| 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 Iles Park, Springfield
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Iles Park, 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 2026-10-11