The story of this market
The typical home in ZIP 61231 sells for about $141,200, or $92 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 85 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $815 a month.
ZIP 61231 — Aledo
The housing market in ZIP 61231 is characterized by low inventory and stable, modest price growth, reflecting a quiet rural market. Demand is driven by local residents and those seeking affordability, with limited new construction keeping supply tight. The market remains balanced, with few signs of rapid appreciation or significant volatility.
This ZIP is best suited for families and retirees seeking a quiet, affordable rural lifestyle with a strong sense of community and lower cost of living compared to nearby urban centers.
Median prices moved up 2.1% year over year.
Homes spend a median of 85 days on market with 4.8 months of supply — a balanced-paced market.
12% 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 2.8% · poverty 11.5% — 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 2.0%/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 2.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 61231, Mercer County IL
Crime rates in the Aledo area are generally low and stable, consistently ranking below state and national averages for violent and property crime.
The area is served by the Mercer County School District, which maintains a stable reputation for rural education with moderate student-to-teacher ratios.
The region faces moderate risk from severe thunderstorms and occasional flooding near local waterways, with standard insurance coverage widely available.
Economic momentum is driven by local agricultural support services and small-scale manufacturing, with limited large-scale commercial development currently underway.
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.
Commuting is primarily car-dependent, with residents typically driving 30-45 minutes to reach larger employment hubs in the Quad Cities area.
Local amenities include the Aledo Central Park, nearby public golf courses, and access to rural trails and fishing spots within a short drive.
The rental market is characterized by low inventory and stable demand, with limited turnover and minimal presence of short-term rental platforms.
The economy is anchored by agriculture, local government, and small-scale retail, with many residents commuting to the Quad Cities for industrial and healthcare employment.
Transportation is almost exclusively via private vehicle, with no significant public transit infrastructure serving the area.
Development is limited to small-scale residential infill and minor commercial improvements, with no major master-planned projects currently approved.
Mercer County assessment is handled by the county assessor, focusing on market-value adjustments based on local sales data.
Parcels are subject to Mercer County school district levies and local fire protection district taxes.
Property insurance remains stable, though premiums are influenced by regional exposure to wind and storm damage.
The state experiences net domestic out-migration, though rural areas like Mercer County see more stable, long-term residency patterns.
Illinois is a judicial foreclosure state, requiring court intervention for the foreclosure process, which typically extends the timeline for lenders.
Illinois requires sellers to provide a Residential Real Property Disclosure Report detailing known material defects in the property.
Data retrieved from US Census Bureau ZCTA 61231 profile.
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.
Community hub for local events and recreation.
Hosts annual county fair and community gatherings.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.