The story of this market
The typical home in ZIP 62262 sells for about $145,000, or $98 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,067 a month.
ZIP 62262 — Mulberry Grove
The housing market in 62262 remains stable with low inventory and modest price appreciation consistent with rural Illinois trends. Demand is driven by local buyers seeking affordability, though the limited supply keeps sales volume low. Market conditions are expected to remain steady given the lack of significant new development or major economic shifts.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with affordable housing costs, though it requires a commute for most professional employment.
Median prices moved up 2.1% year over year.
Homes spend a median of 62 days on market with 4.5 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.0% · poverty 10.4% — 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 4.4%/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 4.2%/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 62262, Bond County IL
The area is served by Mulberry Grove Community Unit School District 1, which provides rural public education services.
The region is subject to standard Midwestern weather risks, including seasonal severe thunderstorms and occasional flooding in low-lying areas near the Kaskaskia River basin.
The local economy is primarily driven by 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.
Residents typically commute by personal vehicle to nearby employment hubs in Greenville or toward the Metro East/St. Louis area via I-70.
Local recreation is centered on rural outdoor activities, with proximity to the Kaskaskia River and small community parks within the village.
The rental market is characterized by low inventory and primarily consists of single-family homes, with limited turnover and stable, modest rent growth.
The economy is heavily reliant on the agricultural sector and small-business services, with many residents commuting to larger neighboring towns for employment.
Transportation is almost exclusively dependent on private vehicles, with I-70 serving as the primary corridor for regional access.
There are no major large-scale commercial or residential developments currently approved or under construction in this ZIP.
Bond County Assessment Office manages property valuations for tax purposes using a mass appraisal system.
Parcels are subject to local school district taxes and county-wide levies for emergency services and road maintenance.
Property insurance premiums are generally stable but reflect the regional risk profile for wind and storm damage common in Southern Illinois.
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 62262.
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.
- Kaskaskia Dragon4.48.6 mi
- American Farm Heritage Museum4.76.7 mi
- Patriot's Park4.69.4 mi
- Starmax Cinemas4.67.6 mi
- Globe Theatre4.48.2 mi
- American Farm Heritage Museum4.76.7 mi
- Vandalia Statehouse State Historic Site4.79.6 mi
- Patriot's Park4.69.4 mi
- Indian Springs Golf Course4.88.5 mi
- Rural King4.49.3 mi
- Dollar General3.68.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Local community space for outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.