The story of this market
The typical home in ZIP 62561 sells for about $228,000, or $115 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $986 a month.
ZIP 62561 — Riverton
The housing market in 62561 remains stable, characterized by low inventory and steady demand from local buyers. Prices have seen modest year-over-year growth, supported by the area's affordability relative to the broader Springfield market. The market is currently balanced, with limited new construction keeping supply tight.
This ZIP is ideal for families and commuters seeking a quiet, small-town environment with affordable housing while remaining within a reasonable driving distance of Springfield's major employers.
Median prices moved up 2.5% year over year.
Homes spend a median of 35 days on market with 4.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.6% · poverty 1.2% — 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 6.0%/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 4.9%/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 62561, Sangamon County, IL
Pawnee maintains a low crime rate consistent with small-town Illinois, generally reporting significantly lower violent and property crime incidents compared to the nearby Springfield urban core.
The Pawnee Community Unit School District 11 is the primary provider, generally regarded as a stable, community-focused district with moderate performance metrics.
The area is primarily at risk for severe thunderstorms and occasional wind damage, with standard flood risks associated with local drainage basins; wildfire risk is minimal.
Economic momentum is largely tied to the broader Springfield labor market, with local growth focused on residential stability and small-scale commercial services.
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 primarily commute via IL-104 to I-55, providing a direct 20-25 minute drive to the Springfield employment core.
Local amenities include Pawnee Park and proximity to Lake Springfield for boating and fishing, with basic shopping and dining available within the village.
The rental market is characterized by low inventory and high demand from local workers, with limited turnover and stable, modest rent growth.
The economy is anchored by the Springfield metropolitan area, with major sectors including state government, healthcare, and education.
Transportation is heavily reliant on personal vehicles, with I-55 serving as the primary artery for regional connectivity.
Development is largely focused on maintaining existing residential infrastructure with limited new large-scale commercial projects.
The Sangamon County Assessor manages property valuations based on market-value assessments, subject to state-mandated equalization factors.
Parcels are subject to Pawnee CUSD 11 taxes, along with local fire protection and library district levies.
Property insurance premiums are stable but reflect regional exposure to severe convective storms and wind events.
Illinois continues to experience net domestic out-migration, though rural areas like Pawnee maintain relatively stable population levels.
Illinois is a judicial foreclosure state, requiring court intervention and providing specific redemption periods for homeowners.
Sellers are required to provide a Residential Real Property Disclosure Report detailing known material defects in the property.
Data retrieved from data.census.gov for ZCTA 62561.
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.
- Knight's Action Park4.213.8 mi
- Malibu Jack's Springfield4.713.6 mi
- Sky Zone Trampoline Park4.314.5 mi
- BounceTag4.514.8 mi
- Chuck E. Cheese3.911.8 mi
- Illinois State Fairground4.58.6 mi
- Golden Corral Buffet & Grill4.211.9 mi
- Bank of Springfield Center4.49.7 mi
- Knight's Action Park4.213.8 mi
- Malibu Jack's Springfield4.713.6 mi
- Lincoln Home National Historic Site4.89.8 mi
- AMC Springfield 84.49.7 mi
- Washington Park4.711.7 mi
- Henson Robinson Zoo4.211 mi
- Illinois State Museum4.610.3 mi
- Lincoln Home National Historic Site4.89.8 mi
- Abraham Lincoln Presidential Library and Museum4.89.7 mi
- Illinois State Museum4.610.3 mi
- Dana-Thomas House State Historic Site4.810.2 mi
- Old State Capitol State Historic Site4.69.9 mi
- Washington Park4.711.7 mi
- Henson Robinson Zoo4.211 mi
- Nelson Center Ice Rink4.49.3 mi
- Washington Park Botanical Garden4.711.9 mi
- Carpenter Park4.67.2 mi
- Island Bay Yacht Club4.713 mi
- The Rail Golf Course4.47.3 mi
- Long Bridge Golf Course4.510.1 mi
- Illini Country Club4.612.1 mi
- Lincoln Greens Golf Course4.110.2 mi
- The Oaks Golf Course4.35.2 mi
- Hy-Vee Grocery Store4.511.7 mi
- Humphrey's Market4.810 mi
- JCPenney4.28.5 mi
- Schnucks Montvale4.412.9 mi
- Schnucks Sangamon4.48.1 mi
- Abraham Lincoln Capital Airport4.110.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Central community park with sports fields and playground facilities.
Major regional recreational hub for boating, fishing, and outdoor activities located a short drive north.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.