The story of this market
The typical home in ZIP 62983 sells for about $76,900, or $48 per square foot.
Prices are up +16.2% from a year ago, so sellers still have some momentum. Homes take about 116 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $625 a month.
ZIP 62983 — Royalton
The housing market in 62983 is characterized by high affordability and low inventory, with a median home value significantly below national averages. Recent sales activity shows a steady pace, though the market remains small and localized. Price growth has been positive year-over-year, reflecting a stable but limited supply of housing stock.
This ZIP is best suited for budget-conscious buyers and those seeking affordable, small-town living in Southern Illinois, as home values are significantly lower than national and state medians.
Median prices moved up 16.2% year over year.
Homes spend a median of 116 days on market with 0.2 months of supply — a balanced-paced 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 6.5% · poverty 18.0% — a mixed stability profile.
net influx — more people moved in than out
ZCTA 62983, Franklin County, IL
The area is rated as having a relatively low overall natural-hazard risk, with cold waves, strong winds, and winter weather identified as the primary concerns.
The local economy is anchored by health care, accommodation and food services, and construction sectors.
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 transportation to employment centers.
The area offers local community access to small-town amenities and regional outdoor recreation within Franklin County.
The rental market features a mix of single-family homes and apartments with monthly rents typically ranging between $500 and $749.
The local economy is driven by health care, accommodation and food services, and construction industries.
The area faces relatively low natural-hazard risk, though winter weather and wind events are noted as primary insurance considerations.
Data retrieved from Census ACS and local market aggregators.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Small-town residential environment serving as the primary city for the ZIP code.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.