The story of this market
The typical home in ZIP 62838 sells for about $197,250, or $116 per square foot.
Homes take about 117 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $793 a month.
ZIP 62838 — Farina
The housing market in 62838 is characterized by low inventory and a slow pace of sales, with a median home value significantly lower than national averages. Market conditions remain stable, driven by a rural demographic and limited new development activity. Specific figures for price cuts and year-over-year changes are not currently published for this ZIP.
This ZIP is best suited for long-term residents and those seeking a quiet, rural lifestyle; it is less ideal for commuters or those requiring proximity to major urban amenities.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 117 days on market with 6.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.0% · poverty 6.6% — a stable, low-distress profile.
ZCTA 62838
The area is primarily rural with limited large-scale industrial or infrastructure development momentum.
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 face a mean commute time of approximately 35.3 minutes, reflecting the rural nature of the area and reliance on regional highway corridors for access to employment centers.
Recreational opportunities are limited to local rural amenities; shopping and dining options are sparse within the immediate 3-mile radius.
The rental market is characterized by low inventory and limited depth, with a significant portion of housing stock being owner-occupied.
The local economy is primarily agricultural and small-business oriented, with limited major corporate presence.
Parcels are subject to various local taxing districts including municipal, county, and school district levies.
Data retrieved from US Census Bureau and SimpleMaps ZCTA-level datasets.
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.
Local community green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.