Monroe Park West, Springfield, IL
Monroe Park West — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Monroe Park West, Springfield, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
Last verified:
Monroe Park West Neighborhood Overview
Monroe Park West is a residential neighborhood located in the heart of Springfield, Illinois. Centered around ZIP code 62701, it offers a central urban living experience. The area provides convenient access to many of the city's key institutions and downtown attractions.
Lifestyle & Amenities
Residents enjoy proximity to the green space of the larger Monroe Park area. The neighborhood's central location places it near a variety of local shops, restaurants, and services. This creates a blend of residential calm and urban convenience within walking distance or a short drive.
Real Estate Market
The real estate in Monroe Park West is characterized by its affordability within the Springfield market. The median home value is reported at $141,000, with a current price per square foot around $116. This market presents an accessible entry point for homeownership in a central location.
Schools & Education
Families in Monroe Park West are served by the Springfield Public Schools District 186. The specific schools serving the neighborhood can vary by exact address within the 62701 ZIP code. Parents are encouraged to consult the district for the latest boundary and performance information.
Transportation & Connectivity
The neighborhood benefits from excellent connectivity due to its central position. Major city arteries provide easy access to all parts of Springfield, including downtown, government centers, and medical districts. Public transit options are readily available for commuting and running errands without a car.
Why Choose Monroe Park West
Monroe Park West is ideal for those seeking an affordable, centrally located home in the state capital. It offers a practical urban lifestyle with a mix of housing options close to daily necessities. The neighborhood represents a value-conscious choice for accessing all that Springfield has to offer.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Monroe Park West 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 Monroe Park West, Springfield
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Monroe Park West, Springfield, IL. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
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