The story of this market
The typical home in ZIP 62034 sells for about $413,000, or $184 per square foot.
Prices are up +9.52% from a year ago, so sellers still have some momentum. Homes take about 21 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,753 a month.
ZIP 62034
The 62034 housing market is currently experiencing strong demand, evidenced by a 9.52% year-over-year price increase and a low median days on market of 21 days. The market is driven by the highly-rated Edwardsville school district and limited inventory, maintaining a competitive environment for buyers. While some figures like median rent were not explicitly published for this specific ZIP, the overall market sentiment remains optimistic due to consistent growth and development.
This ZIP is ideal for family buyers seeking top-rated schools and suburban amenities, as well as commuters looking for a balance between residential space and access to the St. Louis metro area.
Median prices moved up 9.5% year over year.
Homes spend a median of 21 days on market with 3.2 months of supply — a fast-moving market.
13% of listings have cut prices · homes sell at 99.8% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 5.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 62034, Madison County IL
The area is served by the highly-regarded Edwardsville Community Unit School District 7, which is a primary driver for local residential demand.
The area benefits from proximity to Edwardsville's commercial corridors and regional employment hubs in the Metro East, with ongoing residential development in subdivisions like Savannah Xing.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
Residents typically commute via I-270 and I-55 toward the St. Louis employment core, with average commute times reflecting a suburban profile.
The area features access to local parks, community trails, and proximity to the shopping and dining districts of Edwardsville and Glen Carbon.
The rental market is characterized by limited inventory and high demand, with professional estimates for single-family rentals often exceeding $2,500 per month.
The economy is anchored by the Edwardsville-Glen Carbon corridor, featuring a mix of retail, healthcare, and education sectors, with strong ties to the broader St. Louis regional economy.
The area is served by major highway corridors including I-270 and I-55, facilitating regional transit.
Ongoing residential expansion continues in the southern and eastern portions of the ZIP code.
Madison County assessment practices follow standard Illinois property tax cycles with periodic reassessments.
Parcels are primarily served by Edwardsville Community Unit School District 7.
Data retrieved from GreatData.com and US Census Bureau ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Highly rated public school system serving the area.
Various community green spaces and walking paths throughout Glen Carbon.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.