The story of this market
The typical home in ZIP 62973 sells for about $128,366, or $72 per square foot.
Prices are down 1.5% from a year ago, which gives buyers more room to negotiate. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 62973 — Perks
The housing market in 62274 is currently stable with a median home value of approximately $128,366. Sales activity remains low, and the market is characterized by a balanced supply-demand dynamic. Figures for specific metrics like price cuts and months of supply are based on limited local data.
This ZIP is best suited for budget-conscious buyers and local workers seeking affordable single-family housing in a small-town setting.
Median prices moved down 1.5% year over year.
Homes spend a median of 68 days on market with 4.5 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.5% · poverty 25.0% — a mixed stability 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 4.8%/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 3.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 62274, Perry County IL
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.
Local amenities include proximity to Pinckneyville City Park and various small-town recreational facilities.
The rental market is characterized by limited inventory and stable demand, primarily serving local workers.
The local economy is driven by small-scale retail, public services, and regional agricultural support.
Perry County Assessor manages property valuations based on state-mandated assessment cycles.
Parcels are subject to local school district and county-level property tax levies.
Data retrieved from census.gov and Data Commons.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Primary local outdoor recreation space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.