The story of this market
The typical home in ZIP 61942 sells for about $91,250, or $68 per square foot.
Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $833 a month.
ZIP 61942 — Newman
The housing market in 61942 is characterized by low transaction volume and stable, modest pricing. Market conditions remain neutral due to limited inventory and a lack of significant economic growth drivers in the immediate area.
This ZIP is best suited for budget-conscious buyers, retirees, or those seeking a quiet, rural lifestyle, as it lacks the amenities and employment density of larger urban centers.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 120 days on market with 6.0 months of supply — a slower-moving market.
15% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.1% · poverty 8.6% — 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.
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 2.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 61942, Douglas County IL
The area is served by local rural school districts with small student-to-teacher ratios, though specific performance ratings are not consistently published for this ZCTA.
The region is primarily agricultural with low wildfire risk, though standard Midwestern wind and storm insurance coverage is recommended.
The local economy is heavily anchored by agriculture and small-scale local services, with limited large-scale industrial or corporate development momentum.
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 limited public transit options available for travel to regional employment hubs.
Local recreation is centered on small community parks and proximity to rural open spaces, with limited large-scale shopping or entertainment venues within a 3-mile radius.
The rental market is characterized by low inventory and stable, modest rent levels, primarily serving local workers and long-term residents.
The economy is primarily driven by the agricultural sector and local small businesses.
Transportation is entirely dependent on regional highway access with no public transit infrastructure.
No major commercial or residential developments are currently reported for this ZIP.
Parcels are subject to local school district and county-level property tax assessments.
Standard property insurance is available, though premiums are influenced by regional storm and wind exposure.
Data retrieved from US Census Bureau ZCTA profiles.
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.
- Flesor's Candy Kitchen4.815.8 mi
- Walnut Point State Park4.78.8 mi
- Walnut Point State Park4.78.8 mi
- Willard Airport4.420.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Local community green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.