In January 2017, there were two homes sold, with a median sale price of $93,500 - a 2.8% increase over the $90,976 median sale price for the same period of the previous year. There were two homes sold in Lincoln Avenue/ Fayette Avenue in January 2016, as well.
The median sales tax in Lincoln Avenue/ Fayette Avenue for 2017 was $2,217. In 2016, the median sales tax was $2,190. This marks an increase of 1.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.4%.
The following table compares Lincoln Avenue/ Fayette Avenue to other Springfield neighborhood with similar median sales prices in January 2017:
| Neighborhood | Jan. 2017 Home Sales | Jan. 2016 Home Sales | % change (Total Home Sales) | Jan. 2017 Median Sales Price | Jan. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Route 4/ Wabash Avenue | 13 | 6 | 116.7% | $161,000 | $132,750 | 21.3% |
| Toronto/ University of Illinois at Springfield | 7 | 3 | 133.3% | $158,000 | $111,000 | 42.3% |
| Leland Grove | 4 | 2 | 100% | $140,875 | $144,500 | -2.5% |
| Devereux Heights | 2 | 2 | 0% | $135,000 | $111,500 | 21.1% |
| Stanton Street/ Stevenson Drive | 10 | 8 | 25% | $107,884.63 | $92,025 | 17.2% |
| Lincoln Avenue/ Fayette Avenue | 2 | 2 | 0% | $93,500 | $90,976 | 2.8% |
| Route 4/ Washington Street | 9 | 7 | 28.6% | $91,250 | $67,500 | 35.2% |
| Route 54/ Sangamon Ave. | 8 | 15 | -46.7% | $85,772 | $55,000 | 55.9% |
| Route 29/ Route 97 | 5 | 3 | 66.7% | $82,800 | $19,000 | 335.8% |
| Southern View | 3 | 1 | 200% | $81,850 | $53,000 | 54.4% |
| Glenwood Avenue/ Fayette Avenue | 6 | 2 | 200% | $80,500 | $135,250 | -40.5% |
Alerts Sign-up