The story of this market
The typical home in ZIP 61051 sells for about $185,000, or $112 per square foot.
Prices are up +27.6% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $550 a month.
ZIP 61051 — Milledgeville
The housing market in 61051 is experiencing significant price appreciation, driven by low inventory and steady demand for rural residential properties. While sales volume remains modest, the market is characterized by high seller leverage and limited supply, keeping prices on an upward trajectory.
This ZIP is best suited for those seeking a quiet, rural lifestyle, including families and retirees who prioritize affordability and space over proximity to major urban employment centers.
Median prices moved up 27.6% year over year.
Homes spend a median of 48 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 9.3% — 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 5.4%/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 4.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 61051, Carroll County, IL
Schools serving the area are primarily rural district-based; performance varies by specific school within the regional Carroll County educational framework.
The area is subject to standard Midwestern weather risks including severe thunderstorms and occasional winter weather; flood risk is localized to specific low-lying areas near water bodies.
Economic momentum is driven by regional agriculture and small-scale local commerce, with limited large-scale industrial development.
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.
Commutes are primarily car-dependent, with residents traveling to nearby employment hubs in Carroll County or neighboring regions via state highways.
Recreation is centered on rural outdoor activities, including access to local parks and proximity to the Mississippi River corridor for fishing and boating.
The rental market is characterized by low inventory and stable demand, primarily serving local workers and long-term residents.
The local economy is heavily reliant on agriculture, small business, and public sector employment within Carroll County.
Transportation is entirely reliant on private vehicles; there is no significant public transit infrastructure.
Development is limited to small-scale residential improvements and agricultural infrastructure.
The Carroll County Assessor maintains property valuations based on periodic assessments of market value.
Parcels are subject to local school district, township, and county-level tax levies.
Property insurance premiums are influenced by regional weather risks, including wind and storm damage common to the Midwest.
Illinois is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Illinois law requires sellers to provide a Residential Real Property Disclosure Report detailing the condition of the property.
Data retrieved from US Census Bureau ACS 5-year estimates for ZCTA 61051.
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.
Provides local green space and outdoor recreation access.
Regional anchor for fishing, boating, and nature observation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.