Springfield Lake Shore, Springfield, IL
Springfield Lake Shore — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Springfield Lake Shore, Springfield, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Springfield Lake Shore Neighborhood Overview
Springfield Lake Shore is a distinctive neighborhood in the heart of Illinois's capital city, defined by its prime location and scenic views. Situated near the downtown core with the ZIP code 62701, it offers a unique blend of urban access and natural beauty. The community provides a quiet residential atmosphere within close proximity to major government and cultural centers.
Lifestyle & Amenities
Residents enjoy a lifestyle that balances relaxation and convenience with the neighborhood's namesake lake as a central feature. The area provides easy access to downtown Springfield's restaurants, shops, and historical attractions. This creates an environment where outdoor recreation and city amenities are both within easy reach.
Real Estate Market
The real estate market in Springfield Lake Shore is characterized by high-value properties, with a Census median home value of $825,000. Current market data indicates a price per square foot of approximately $190.88, reflecting the desirability of the location. The significant disparity between the median home value and the reported median household income suggests a market with considerable variation in property types and resident demographics.
Schools & Education
Families in Springfield Lake Shore are served by the Springfield Public Schools District, which manages several schools in the area. The neighborhood's central location provides convenient access to a range of educational options. Specific performance data for local schools should be verified through the district for the most current information.
Transportation & Connectivity
The neighborhood benefits from excellent connectivity due to its central position within the city. Major roads provide straightforward access to Interstate 55, facilitating travel throughout the region. Public transportation options are available through the Springfield Mass Transit District, serving downtown and surrounding areas.
Why Choose Springfield Lake Shore
Springfield Lake Shore is an ideal choice for those seeking a prestigious address with a serene, lakeside setting near the vibrancy of downtown. It offers a compelling combination of high-value real estate, scenic beauty, and urban convenience. The neighborhood represents a unique enclave for professionals, empty-nesters, and anyone desiring a tranquil yet connected lifestyle in the state capital.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Springfield Lake Shore 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 | Ultra-Luxury |
| 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 Springfield Lake Shore, Springfield
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Springfield Lake Shore, 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