Supported by the Springfield Sangamon Growth Alliance (SSGA)’s efforts to attract businesses and support economic growth, Springfield’s strong job outlook and stable housing market make it a top choice for families and investors.
Ryan McCrady, President and CEO of SSGA, notes that the latest jobs report from the U.S. Bureau of Labor Statistics (BLS) and Illinois Department of Employment Security (IDES) reflects a resilient and balanced economy in Springfield, momentum that is also driving continued strength and stability in the local housing market. The latest data shows Springfield added about 1,900 more nonfarm jobs since July 2024, marking 21 consecutive months of year-over-year employment gains. At 4.2%, the unemployment rate remains below the national average.
“With a workforce of 115,000, that kind of growth, though modest, is a good thing for Springfield,” said McCrady. “What’s most encouraging is that this steady growth helps maintain a balanced economy, avoiding the disruptive shocks that can send wages soaring or crashing. It’s a sign of underlying resilience in Springfield.”
The key industries driving this growth include healthcare, education, and construction, which also help fuel the housing demand in the region. Julie Davis, Managing Broker, and her team at The Real Estate Group support local recruitment efforts by working with employers early, sometimes even during the job interview stage, to help candidates understand the community and quality of life Springfield offers.
“When we’re recruiting a new company or employee, housing and community go hand-in-hand,” said Davis. “We help them see the full picture, from access to education and healthcare to arts, sports, and everyday affordability. Springfield has something to offer everyone.”
Despite national trends pointing to real estate cooling, Springfield is still seeing multiple-offer situations on well-priced homes. Inventory remains tight, especially in the sub-$400,000 range, and new subdivisions are being carefully developed to meet demand, without the risk of overbuilding. Unlike other areas, local developers typically wait until subdivisions are nearly full before breaking ground on new lots.
“Springfield has always been its own housing market, remarkably consistent even as other communities face price dips and slowing demand,” said Davis. “That stability, combined with diverse price ranges and strong local support, makes Springfield especially attractive to businesses and relocating employees.”