Oaks, Springfield, IL
Oaks — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Oaks, Springfield, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Oaks Neighborhood Overview
Oaks is a residential neighborhood located in Springfield, Illinois, within the 62701 ZIP code. It offers a central location with a quiet, community-focused atmosphere for its residents.
Lifestyle & Amenities
The neighborhood provides a convenient base for accessing the broader amenities of Springfield. Residents enjoy proximity to local parks, shopping centers, and dining options within a short drive.
Real Estate Market
The Oaks housing market features a Census median home value of $185,000, with a current average price per square foot around $126.74. This positions it as an affordable area within the Springfield market.
Schools & Education
Families in the Oaks neighborhood are served by the Springfield Public Schools District. The area provides access to a range of public educational institutions for different grade levels.
Transportation & Connectivity
Oaks benefits from its location in the state capital, with good access to major arterial roads for commuting. The neighborhood's connectivity makes navigating to downtown Springfield and other city areas straightforward.
Why Choose Oaks
Oaks presents an attractive option for homebuyers seeking affordability and a central location in Springfield. Its combination of accessible pricing and a quiet residential setting makes it a practical choice for many.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Oaks 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 Oaks, Springfield
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Oaks, 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