The story of this market
The typical home in ZIP 62473 sells for about $175,277, or $134 per square foot.
Prices are up +3.9% from a year ago, so sellers still have some momentum. HUD's fair market rent for a two-bedroom is $531 a month.
ZIP 62473
The housing market in 62473 is characterized by low inventory and stable, modest price growth consistent with rural Illinois trends. Market activity is limited, with few active listings and no significant new development pipeline. Most data points regarding specific sales volume and tax rates are not published at the ZIP level.
This ZIP is best suited for rural-lifestyle seekers and local workers who prioritize affordability and a quiet, small-town environment over proximity to major urban centers.
Median prices moved up 3.9% year over year.
Awaiting this reading — not graded.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 6.2% — 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 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 62473, Effingham County, IL
The area is served by local public school districts in Effingham County, with performance generally consistent with rural Illinois benchmarks.
The area is a small rural community with limited large-scale commercial development; economic momentum is tied to the broader Effingham micro-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 employment centers in Effingham via local highway corridors.
Recreational opportunities are primarily rural in nature, with local parks and proximity to regional amenities in the city of Effingham.
The rental market is small and primarily composed of single-family homes, with limited multi-family inventory and a significant share of renters facing cost burdens.
The local economy is largely integrated into the Effingham micro-area, which features a mix of manufacturing, retail, and healthcare services.
Transportation is dominated by private vehicle use; there is no significant public transit infrastructure serving this rural ZIP code.
There are no major large-scale commercial or residential developments currently reported for this specific ZIP code.
Effingham County assesses property values for tax purposes; assessments are subject to state-mandated equalization factors.
Parcels are subject to various local taxing districts, including school districts, county government, and local fire protection districts.
Property insurance availability and premiums are influenced by regional rural hazard profiles and state-wide market conditions.
Data retrieved from Census Reporter and ACS 5-year profiles.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Local public green space serving the village residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.