The story of this market
The typical home in ZIP 62445 sells for about $79,000, or $71 per square foot.
Homes take about 60 days to sell. HUD's fair market rent for a two-bedroom is $393 a month.
ZIP 62445 — Montrose
The housing market in 62445 is extremely quiet with very low inventory and minimal sales activity. Prices remain highly affordable compared to national averages, though the area has experienced significant population decline over the last decade. Market conditions are currently stagnant with no new residential construction permits reported.
This ZIP is primarily suited for budget-conscious buyers or those seeking rural, small-town living, as the market features very low inventory and affordable entry-level pricing.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 60 days on market with 0.0 months of supply — a balanced-paced market.
100% of listings have cut prices · homes sell at 100% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.2% · poverty 5.2% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 62445
Public schools serving the area include Cumberland Elementary School, which holds a 3/10 rating.
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.
The rental market is characterized by low vacancy rates and limited inventory, with HUD-published fair market rents for a two-bedroom unit at $930.
The local economy is primarily rural and agricultural, with limited major industrial or corporate employers within the ZIP code boundaries.
The area is served by the Cumberland Community Unit School District 77.
Data sourced from Census Reporter and ACS 5-year estimates.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.