The story of this market
The typical home in ZIP 62426 sells for about $127,100, or $85 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $566 a month.
ZIP 62426 — Edgewood
The housing market in 62426 remains stable with low inventory and modest price appreciation consistent with rural Illinois trends. Activity is limited by the small population base, with most transactions driven by local residents rather than speculative investment. The market is currently balanced, reflecting a lack of significant new development or major economic shifts.
This ZIP is best suited for families and individuals seeking a quiet, low-cost rural lifestyle who are comfortable with a commute to nearby employment centers.
Median prices moved up 2.4% year over year.
Homes spend a median of 112 days on market with 7.2 months of supply — a slower-moving 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 6.5% · poverty 8.2% — 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 3.1%/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 1.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 62426, Illinois
Crime rates in Edgewood are significantly lower than the Illinois state average, with property and violent crime incidents reported as rare in this rural setting.
Schools serving the area are part of the Effingham and North Clay school districts, generally characterized by small class sizes and rural community support.
The area faces moderate risk from severe thunderstorms and occasional flooding near local creek beds, with standard insurance coverage typically available.
Economic momentum is driven by local agriculture and small-scale manufacturing, with proximity to Effingham providing access to larger regional employment hubs.
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 commutes, with most employment centers located in nearby Effingham, approximately 15-20 minutes away.
Recreational opportunities are centered on outdoor activities, including local parks and proximity to rural trails, with limited commercial shopping within the immediate ZIP.
The rental market is very limited with low turnover and minimal investor presence, primarily consisting of single-family home rentals.
The local economy is heavily reliant on agriculture and small-business services, with the nearby city of Effingham serving as the primary regional economic anchor.
Transportation is entirely automobile-dependent, with access to major regional routes provided by local state highways.
There are no major commercial or residential developments currently approved or under construction within the ZIP code.
Property assessments are managed by the respective county assessors in Effingham and Clay, following Illinois state-mandated valuation cycles.
Parcels are subject to local school district taxes and county-level levies for emergency services and road maintenance.
Property insurance premiums are generally stable, reflecting the low-density rural environment and lack of high-risk urban hazards.
Illinois is a judicial foreclosure state, requiring court intervention for all foreclosure proceedings.
Sellers are required to provide a Residential Real Property Disclosure Report covering material defects in the property.
Data retrieved from US Census Bureau ACS 5-year estimates for ZCTA 62426.
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.
Local community park providing green space and basic recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.