Mather and Wells home values
Mather and Wells at a glance
- Mather and Wells shares ZIP-level data with nearby ZIPs in Springfield: median value $120,478, median rent $918/month.
Mather and Wells home value score
from local value, rent & income
In nearby ZIPs in Springfield, rents are strong relative to prices (a high gross yield), and homes are affordable against local incomes.
How the Value Score is built
Computed figures
A transparent value snapshot — this ZIP has no ACS figures yet, so it uses nearby ZIPs in Springfield (U.S. Census ACS 2023): home value, gross rent and household income. It is not a market-timing or appreciation forecast.
What it costs to buy a home in Mather and Wells
At the typical value of $120,478, a buyer putting 20% down ($24,096) and financing the rest at 6.5% over 30 years would pay about $609 a month in principal and interest — 13% of the median household income here. That sits within the common 28% guideline, so the typical home is within reach of a typical local household. The median rent is $918/month, so owning is roughly 34% cheaper per month than renting, even before counting equity.
Estimate only: excludes property tax, insurance, HOA and PMI, which vary by property. Incomes and rents are the latest Census (ACS 2023) figures. Run your own numbers in the estimator below.
What this means for buyers, sellers and investors in Mather and Wells
Buyers
Homes cost about 2.1× the local median income — affordable by national standards, so first-time buyers have a realistic path in.
Sellers
Typical values here are 65% below the U.S. median; get a home-specific estimate before you list — condition and size move the number more than the area average.
Investors
A gross rental yield of 9.1% is strong — rents are high relative to prices, which favours cash-flow investors.
Other neighborhoods in Springfield
| Name | Home value | 1-yr | Income | Rent | Price / income |
|---|---|---|---|---|---|
| Benedictine District city data | — | — | — | — | — |
| Bunn Park ZIP 62703 · shared | $93K | +6.2% | $45K | $971 | 2.1× |
| Downtown Springfield | — | — | — | — | — |
| Enos Park ZIP 62702 · shared | $102K | +5.4% | $53K | $858 | 1.9× |
| Harvard Park ZIP 62703 · shared | $93K | +6.2% | $45K | $971 | 2.1× |
| Hawthorne Place ZIP 62704 · shared | $167K | +7.4% | $66K | $924 | 2.5× |
| Historic West Side city data | — | — | — | — | — |
| Iles Park ZIP 62703 · shared | $93K | +6.2% | $45K | $971 | 2.1× |
| Lincoln Park ZIP 62702 · shared | $102K | +5.4% | $53K | $858 | 1.9× |
| Mather and Wells city data | — | — | — | — | — |
| Medical District city data | — | — | — | — | — |
| Near South city data | — | — | — | — | — |
| Oak Ridge ZIP 62702 · shared | $102K | +5.4% | $53K | $858 | 1.9× |
| Old Aristocracy Hill city data | — | — | — | — | — |
| Pillsbury District city data | — | — | — | — | — |
| Twin Lakes | $164K | +9.2% | $84K | $926 | 2.0× |
| Vinegar Hill ZIP 62704 · shared | $167K | +7.4% | $66K | $924 | 2.5× |
| Washington Park Knolls city data | — | — | — | — | — |
Home value, income and rent: Census ACS medians; 1-yr: Zillow ZHVI change over 12 months. Tap a column heading to sort.
What’s your Mather and Wells home worth?
Estimates are informational only and are not an appraisal.
About this data
Data last updated: September 2026.
Current values and trends use the Zillow Home Value Index (ZHVI) — the typical value of mid-tier homes, smoothed and seasonally adjusted — through Aug 2026. It is refreshed monthly.
Median values, incomes, rents, housing stock and commutes come from the U.S. Census Bureau’s American Community Survey (ACS) 5-year estimates at ZIP Code Tabulation Area level. City and state figures are population-weighted averages of their ZIPs.
The Value Score (0–10) blends gross rental yield and price-to-income affordability. It is a value snapshot, not a forecast.
Mortgage figures assume 20% down and a 6.5% fixed 30-year loan, principal and interest only.
These are area-level statistics, not an appraisal of any individual property, and not financial advice.
Sources: U.S. Census ACS · Zillow ZHVI.