3-digit ZIP regional index
Home appreciation in ZIP codes 627xxSpringfield, IL area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 627 changed +4.8% over the year to Q2 2026, compared with +6.0% for Illinois and +3.0% for the United States.
The region covers ZIP codes 62701–62712. Most of its 2010 population lived in Sangamon County (100%). Communities in the region include Jerome, Southern View, Leland Grove, Grandview, Clear Lake. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +4.8%
- 5-year change
- +42.2%
- Since Q1 1995
- +126%
- National rank (1 year)
- 284th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 627 vs Illinois and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 627: 226.1
- Illinois: 283.5
- Springfield, IL metro: 234.3
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 627 | IL | U.S. | Gap vs IL | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +4.8% | +6.0% | +3.0% | −1.2 pts | +1.8 pts |
| 3 years | +19.3% | +21.8% | +12.9% | −2.5 pts | +6.4 pts |
| 5 years | +42.2% | +46.9% | +41.3% | −4.7 pts | +0.9 pts |
| 10 years | +59.5% | +75.6% | +93.3% | −16.0 pts | −33.8 pts |
| Since Q1 1995 | +126% | +184% | +292% | −57.4 pts | −165.4 pts |
If you bought in ZIP3 627 in…
Applying the regional index change from the same quarter of each year to Q2 2026 to an example $300,000 purchase price. Individual homes can differ widely from the regional average.
| Bought in | Index change | $300,000 then, at the regional rate |
|---|---|---|
| Q2 1995 | +123% | $667,713 |
| Q2 2000 | +106% | $616,664 |
| Q2 2005 | +79.6% | $538,656 |
| Q2 2010 | +69.0% | $507,049 |
| Q2 2015 | +60.7% | $482,008 |
| Q2 2020 | +52.8% | $458,486 |
| Q2 2021 | +42.2% | $426,515 |
| Q2 2023 | +19.3% | $357,750 |
| Q2 2025 | +4.8% | $314,493 |
How ZIP3 627 ranks
Over the past year ZIP3 627 ranks 284th of 882 3-digit ZIP regions nationally and 20th of 29 in Illinois. Its one-year change is +1.8 pts versus the nation and −1.2 pts versus Illinois. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Illinois |
|---|---|---|
| 1 year | 284th of 882 | 20th of 29 |
| 3 years | 226th of 882 | 21st of 29 |
| 5 years | 525th of 882 | 20th of 29 |
| 10 years | 818th of 882 | 23rd of 29 |
| Since Q1 1995 | 878th of 879 | 29th of 29 |
Boom, bust, and recovery in ZIP3 627
ZIP3 627's index peaked in Q2 2008, fell 1.6% to its low in Q3 2008, and regained its peak in Q2 2010, about 2 years after the top. Today it sits +69.5% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| ZIP3 627 | Q2 2008 | Q3 2008 | -1.6% | Q2 2010 (2 yrs) | +69.5% |
| IL | Q1 2007 | Q2 2012 | -21.8% | Q2 2021 (14.2 yrs) | +51.8% |
| Metro | Q2 2008 | Q3 2008 | -1.4% | Q1 2010 (1.8 yrs) | +73.1% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 627's index has changed +2.1% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 627 after inflation | IL after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +0.9% | +2.0% | +1.2% | -0.8% |
| 3 years | +9.8% | +8.6% | +10.9% | +8.6% | +2.8% |
| 5 years | +24.0% | +14.6% | +18.4% | +14.5% | +13.9% |
| 10 years | +39.1% | +14.7% | +26.3% | +14.8% | +39.0% |
| Since Q1 1995 | +121% | +2.1% | +28.0% | +5.8% | +76.8% |
Estimate appreciation for a home in ZIP3 627
Regional estimate
$478,641
- Estimated gain
- $178,641
- Index change
- +59.55%
- Start index
- 141.72
- End index
- 226.11
ZIP3 627 (Springfield, IL area), Q2 2016 to Q2 2026. Index type: Native 3-Digit ZIP index.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 626 · Jacksonville, IL area | IL | +7.0% | +40.6% | +150% |
| 625 · Decatur, IL area | IL | +6.1% | +45.1% | +153% |
| 615 · Pekin, IL area | IL | +2.6% | +40.1% | +166% |
| 620 · Granite City, IL area | IL | +8.3% | +45.0% | +201% |
| 617 · Bloomington, IL area | IL | +7.9% | +51.3% | +156% |
| 616 · Peoria, IL area | IL | +5.7% | +48.1% | +145% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 226.11 |
| Q1 2026 | 219.48 |
| Q4 2025 | 217.16 |
| Q3 2025 | 222.52 |
| Q2 2025 | 215.69 |
| Q1 2025 | 209.19 |
| Q4 2024 | 206.94 |
| Q3 2024 | 209.92 |
| Q2 2024 | 203.45 |
| Q1 2024 | 197.69 |
| Q4 2023 | 197.70 |
| Q3 2023 | 197.39 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 627?
- Based on FHFA HPI® data for 3-digit ZIP region 627, the regional index changed +4.8% over the year to Q2 2026, +42.2% over five years, +59.5% over ten years, and +126% since Q1 1995.
- Is ZIP3 627 appreciating faster than Illinois and the U.S.?
- Over the past year the region's index +4.8% compares with +6.0% for Illinois and +3.0% for the U.S., a gap of +1.8 pts versus the nation. Over five years the gap versus the nation is +0.9 pts.
- Which ZIP codes are in 3-digit ZIP region 627?
- All ZIP codes that begin with 627. Census 2010 ZIP Code Tabulation Areas in this region run from 62701 to 62712 (7 areas). FHFA publishes one index for the whole 3-digit region, not for each 5-digit ZIP code.
- Can I use this to value my home?
- No. The FHFA HPI® is a broad regional index of average price movement. It is not an appraisal, tax assessment, or automated valuation of any individual property. Use it as general context alongside local sales and a professional opinion.