In September 2017, there were five homes sold, with a median sale price of $75,000 - a 36.4% decrease over the $118,000 median sale price for the same period of the previous year. There were five homes sold in Lincoln Avenue/ Fayette Avenue in September 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 3%.
The following table compares Lincoln Avenue/ Fayette Avenue to other Springfield neighborhood with similar median sales prices in September 2017:
| Neighborhood | Sept. 2017 Home Sales | Sept. 2016 Home Sales | % change (Total Home Sales) | Sept. 2017 Median Sales Price | Sept. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Route 4/ Route 97 | 8 | 8 | 0% | $91,000 | $117,500 | -22.6% |
| Jerome | 4 | 12 | -66.7% | $89,200 | $83,950 | 6.3% |
| Stanton Street/ Stevenson Drive | 14 | 6 | 133.3% | $81,750 | $81,000 | 0.9% |
| Devereux Heights | 2 | 1 | 100% | $79,000 | $135,600 | -41.7% |
| College Street/ Ash Street | 17 | 11 | 54.5% | $78,000 | $83,000 | -6% |
| Lincoln Avenue/ Fayette Avenue | 5 | 5 | 0% | $75,000 | $118,000 | -36.4% |
| Stanford Avenue/ Fox Bridge Road | 10 | 3 | 233.3% | $72,300 | $28,500 | 153.7% |
| Glenwood Avenue/ Fayette Avenue | 2 | 5 | -60% | $62,500 | $94,000 | -33.5% |
| 5th Street/ Griffiths Avenue | 2 | 5 | -60% | $57,950 | $38,500 | 50.5% |
| Route 54/ Sangamon Ave. | 12 | 11 | 9.1% | $56,495 | $90,000 | -37.2% |
| Route 97/ 9th Street | 4 | 6 | -33.3% | $55,250 | $48,500 | 13.9% |
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