Old South Town, Springfield, IL
Old South Town — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Old South Town, Springfield, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Old South Town Neighborhood Overview
Old South Town is a historic neighborhood located just south of downtown Springfield, Illinois. It offers residents a central location with a quiet, residential character. The area is known for its classic architecture and proximity to key city landmarks.
Lifestyle & Amenities
Residents enjoy easy access to the dining and cultural attractions of downtown Springfield. The neighborhood maintains a strong sense of community with its tree-lined streets and historic homes. Several local parks provide green space for recreation and relaxation.
Real Estate Market
The real estate market in Old South Town is characterized by its affordability. According to U.S. Census data, the median home value in the area is $42,000. This presents a significant opportunity for first-time homebuyers and investors interested in historic properties.
Schools & Education
Families in Old South Town are served by the Springfield Public Schools District. The neighborhood's central location provides access to a variety of educational options. Specific school assignments and performance data should be verified with the local district.
Transportation & Connectivity
The neighborhood benefits from excellent connectivity due to its proximity to major routes and downtown. Public bus service provides transportation throughout the Springfield area. Its walkable streets and central location make many daily errands convenient.
Why Choose Old South Town
Old South Town is ideal for those seeking an affordable, historic neighborhood close to the heart of the city. With a median household income of $31,500, it offers a low cost of living within the state capital. It represents a classic Springfield community with character and convenience.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
Old South Town 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 Old South Town, Springfield
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Old South Town, 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