Near South, Springfield, IL
Near South — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Near South, Springfield, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Near South Neighborhood Overview
Near South is a historic neighborhood located just south of downtown Springfield, Illinois. It offers residents a central location with a mix of residential character and proximity to major city landmarks. The community is defined by its affordable housing and convenient access to the heart of the state capital.
Lifestyle & Amenities
Residents enjoy a quiet, residential atmosphere with easy access to the dining, shopping, and cultural attractions of downtown Springfield. The neighborhood features local parks and is in close proximity to significant historical sites related to Abraham Lincoln. Its tree-lined streets and historic homes contribute to a strong sense of community.
Real Estate Market
The Near South real estate market is notably affordable, with a Census-reported median home value of $106,500. Current market data indicates an asking price per square foot of approximately $87.54. This combination makes the neighborhood an accessible entry point for homeownership near downtown.
Schools & Education
Families in Near South are served by the Springfield Public Schools District. The neighborhood's central location provides access to a variety of educational options within the city. Specific school ratings and programs can vary, so prospective residents are encouraged to research current district information.
Transportation & Connectivity
The neighborhood benefits from excellent connectivity due to its proximity to major downtown arteries and state government facilities. Public transportation via the Springfield Mass Transit District provides service throughout the city. Its walkable streets and bike-friendly layout make local errands convenient for many residents.
Why Choose Near South
Near South is an ideal choice for those seeking historic charm and downtown adjacency at a very accessible price point. The neighborhood offers a quiet retreat with the convenience of city amenities just a short distance away. It represents a unique value in the Springfield market for buyers and renters alike.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Near South 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 Near South, Springfield
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Near South, 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