What is the rental yield in Lake Knolls, Springfield, Illinois?

The gross yield in Lake Knolls, Springfield, Illinois is 6.3. That sits alongside pricing about 24% above Springfield and in line with Illinois, plus prices up 6.6% over the past year and a Red Flag score of 82.

How have prices changed in Lake Knolls, Springfield, Illinois over the past year?

Prices in Lake Knolls, Springfield, Illinois are up 6.6% over the past year. The neighborhood is about 24% above Springfield and in line with Illinois, with a gross yield of 6.3 and a Red Flag score of 82.

How does Lake Knolls compare with Springfield and Illinois?

Lake Knolls, Springfield, Illinois is about 24% above Springfield and in line with Illinois. It has a gross yield of 6.3, walkability of 8, education in the 73rd percentile, and a Red Flag score of 82.

What are the walkability and school metrics in Lake Knolls, Springfield, Illinois?

Lake Knolls, Springfield, Illinois has walkability of 8 and education in the 73rd percentile. Those figures sit alongside a gross yield of 6.3, prices up 6.6% over the past year, and a Red Flag score of 82.

Neighborhood

Lake Knolls

Springfield, Illinois US

Lake Knolls, Springfield, Illinois has a higher-priced, higher-risk profile with pricing about 24% above Springfield and in line with Illinois, alongside a gross yield of 6.3 and prices up 6.6% over the past year. The neighborhood has walkability of 8, education in the 73rd percentile, and a Red Flag score of 82, combining a strong school-district test-score percentile with notably elevated overall risk and very limited walkability.

AI Summary•Updated May 2026

Area

0.06 mi²

ZIP Code

62629

County

Sangamon County

State

Illinois

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5US Census ACS / TIGER 2024

Verified Price · Median Sale

$318,905

YoY+6.6%

Gross Rental Yield

6.3%

Listed rent · ZORI annualized

Red Flag Index

Very High

82 / 100

Walkability Score

Minimal

OpenStreetMap POI density · national percentile

Education Score

73 / 100

Excellent · better than 73% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Fair

DistrictScore attractiveness · national model

Lake Knolls Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Lake Knolls, Springfield.

Unlock the Lake Knolls 12-month price trend

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$318,905	+6.6%
Price / Sq Ft (Verified)	$141/sqft	+7.0%
Asking Rent (Median)	$1,664/mo	—
Gross Rental Yield	6.3%	—
Liquidity Score	25 / 100	Low
Homes Sold (Period)	58	-20.5%

Is Lake Knolls Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Illinois crime context.

Red Flag Breakdown

82 / 100

Very High Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Flood100Very High

Earthquake100Very High

Tornado100Very High

Heat100Very High

Hail100Very High

Strong Wind80Very High

Wildfire60High

Hurricane40Moderate

8/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Illinois averaged 20.0 crimes and 2.9 violent per 1,000 residents (+0.0% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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Tract-level hazard heatmap & parcel detail with Pro

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See all eight FEMA hazard scores — free with a DistrictScore account.

What Stands Out AI Insight

Above-average gross rental yield at 6.3%

Appreciating market — +6.6% sale-price YoY

Active transaction volume — 58 homes sold last period

Flood risk is Very High (100/100)

Earthquake risk is Very High (100/100)

Insights are generated from Lake Knolls's live DistrictScore metrics.

Lake Knolls Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Illinois-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

6.5 µg/m³ Meets EPA, above WHO guideline-16.3% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Lake Knolls centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 68% of U.S. neighborhoods.

Illinois Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	20.0	2.9	+0.0%
2023	20.1	3.1	+2.1%
2022	19.8	2.9	+13.2%
2021	17.4	3.5	-11.8%
2020	19.9	4.3	-13.1%
2019	22.7	4.2	—

Reported at the state level — the finest official US crime aggregation; Lake Knolls inherits the Illinois figures.

Radon Potential

EPA

Zone 1

Zone 1 — Highest potential · Lake Knolls

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Walkability & Amenities in Lake Knolls

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

8

Minimal

Walkability Score

0

Grocery

0

Dining

0

Schools

0

Universities

0

Hospitals

0

Pharmacies

1

Parks

0

Rail Transit

0

Coworking

POI counts are amenities within Lake Knolls's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Lake Knolls vs Springfield vs Illinois

How Lake Knolls benchmarks against its city and state medians.

Benchmark vs City & State

In Lake Knolls, the median sale price sits about 24% above the median for Springfield neighborhoods and in line with the statewide median. Gross rental yield is 6.3%, against 11.1% for Springfield neighborhoods and 6.2% statewide. Over the past 12 months, prices rose 6.6%. Transaction liquidity sits below the median for Springfield neighborhoods and below the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Lake Knolls	$141/sqft	6.3%	25
Springfield	$114/sqft	11.1%	30
Illinois	$143/sqft	6.2%	34

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Compare Lake Knolls against Springfield and Illinois medians — free with a DistrictScore account.

Buying Property in the US as a Foreigner

Federal & Illinois tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~1.79% average effective rate (statewide average; set and collected locally).

State Income Tax

State income tax up to 4.95%; rental income is taxed at these rates.

State Capital Gains

Capital gains are taxed as ordinary income at state rates.

Transfer Tax

Real estate transfer tax: $0.50 per $500 state + local.

Assessment Cap

No Proposition 13-style assessment cap; property is reassessed at market value.

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents7

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

1031 State Conformity

The state conforms to the federal 1031 like-kind exchange rules.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Illinois property-tax guidance for foreign buyers

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Guaranteed Rate • Jun 18, 2026

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Eye On Housing • Jun 18, 2026

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Altus Group • Jun 18, 2026

Lake Knolls Real Estate FAQ

Lake Knolls, Springfield, Illinois has a mixed profile: pricing is about 24% above Springfield and in line with Illinois, gross yield is 6.3, and prices are up 6.6% over the past year. It also has a Red Flag score of 82, walkability of 8, and education in the 73rd percentile.

Neighborhoods near Lake Knolls

Compare Lake Knolls with nearby neighborhoods in Springfield.

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