The story of this market
The typical home in ZIP 61937 sells for about $133,947, or $90 per square foot.
Homes take about 105 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $829 a month.
ZIP 61937 — Lovington
The housing market in 61937 is characterized by low inventory and limited sales activity, reflecting its rural nature. Prices remain stable with minimal new construction, and the market is driven by local demand rather than speculative investment. Data for closed sales and months of supply are currently limited due to the low volume of transactions.
This ZIP is best suited for budget-conscious family buyers and those seeking a quiet, rural lifestyle, as it offers low entry prices compared to regional metro areas.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 105 days on market with 0.0 months of supply — a slower-moving market.
33% 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 1.1% · poverty 8.5% — 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 1.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 61937, Moultrie County, IL
The area is served by the Arthur-Lovington-Atwood-Hammond school district, with local elementary options rated as needing improvement.
The local economy is primarily agricultural and rural, with limited new residential development or major corporate infrastructure projects reported.
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 typically rely on personal vehicles for commutes, with travel times to regional employment hubs like Decatur averaging approximately 30-40 minutes.
Local recreation is centered on small-town community parks and proximity to rural outdoor spaces, with limited large-scale shopping or entertainment venues within a 3-mile radius.
The rental market is characterized by a 30.3% renter share and a 10% vacancy rate, with limited new supply entering the market.
The local economy is heavily influenced by the agricultural sector and small-scale local services, with limited major industrial employers within the ZIP code.
Transportation is primarily highway-based, with State Highway 32 serving as a primary corridor for regional access.
There are no major approved or under-construction commercial or residential developments reported for this ZIP code.
Moultrie County assessment practices follow standard Illinois property tax procedures, with valuations updated periodically based on market trends.
Parcels are subject to local school district taxes, specifically the Arthur-Lovington-Atwood-Hammond CUSD 305.
Data retrieved from Census Reporter and ACS 5-year estimates.
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 serving the village residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.