The story of this market
The typical home in ZIP 62411 sells for about $164,900, or $125 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 85 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $786 a month.
ZIP 62411 — Allendale
The housing market in 62411 remains stable with modest price appreciation and low inventory levels. Demand is driven by local residents seeking affordable housing, though limited new construction keeps the market tight.
This ZIP is best suited for families and local workers seeking affordable, small-town living with a lower cost of housing compared to larger regional metros.
Median prices moved up 2.5% year over year.
Homes spend a median of 85 days on market with 6.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.7% · poverty 16.3% — 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 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 62411
Schools in the Altamont area are generally characterized as stable, community-focused rural institutions serving the local district.
The area is subject to standard Midwestern weather risks, including severe thunderstorms and occasional wind events; flood risk is localized to specific low-lying areas.
Economic momentum is driven by local manufacturing and agricultural sectors, with steady but modest development activity in the Altamont area.
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 primarily rely on personal vehicles for commuting, with access to regional highways connecting to larger employment hubs in Effingham.
Local recreation includes community parks and access to rural outdoor spaces, with limited shopping and dining options concentrated in the Altamont city center.
The rental market is characterized by low turnover and limited inventory, primarily serving local workers and families.
The local economy is anchored by manufacturing, agriculture, and small-scale retail services.
Transportation is heavily reliant on private vehicle use via regional highway corridors.
Development is primarily focused on small-scale residential infill and local commercial maintenance.
Parcels are subject to local school district and county-level property tax assessments.
Property insurance premiums are stable but reflect regional exposure to severe weather events.
Data retrieved from data.census.gov ZCTA 62411 profile.
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.
Central community green space for local events and recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.