The story of this market
The typical home in ZIP 62634 sells for about $165,000, or $105 per square foot.
Prices are up +3.1% from a year ago, so sellers still have some momentum. Homes take about 82 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $775 a month.
ZIP 62634 — Elkhart
The housing market in 62634 remains stable with low inventory and modest price appreciation consistent with rural Central Illinois trends. Limited sales volume and a reliance on local employment hubs keep the market balanced, with little speculative pressure. Buyers are primarily local residents seeking long-term housing in a quiet, established community.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with affordable housing costs and a strong sense of community, while accepting longer commutes to major employment hubs.
Median prices moved up 3.1% year over year.
Homes spend a median of 82 days on market with 6.5 months of supply — a balanced-paced market.
8% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.3% · poverty 3.8% — 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 4.1%/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 4.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 62634, Logan County, Illinois
Crime rates in the Elkhart area are significantly lower than the national average, with the region characterized by a quiet, rural safety profile.
The area is served by Elkhart Community Unit School District 151, which maintains small class sizes and a focus on community-integrated education.
The region faces moderate risk from severe thunderstorms and occasional high winds, with standard flood insurance recommended for properties near local creek beds.
Economic momentum is driven by local agricultural operations and proximity to Lincoln, IL, which serves as the primary commercial and service hub for the county.
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 utilizing I-55 for access to employment centers in Lincoln, Springfield, and Bloomington.
Local recreation centers on outdoor activities, including proximity to Elkhart Hill and various small community parks, with limited large-scale retail within the immediate ZIP.
The rental market is limited in depth, consisting mostly of single-family home rentals with low turnover and stable, modest rent growth.
The economy is anchored by agriculture, local government, and small-scale retail, with many residents commuting to larger nearby cities for professional services.
Transportation is dominated by private vehicle use, with I-55 providing the main north-south connection to regional employment centers.
Development is largely restricted to low-density residential and agricultural expansion, with no major high-density projects currently in the pipeline.
The Logan County Supervisor of Assessments manages the appraisal process, focusing on annual equalization factors to maintain market-value parity.
Parcels are subject to Logan County property taxes, Elkhart CUSD 151 levies, and local fire protection district assessments.
Property insurance premiums are stable but reflect the regional risk profile for wind and storm damage common to Central Illinois.
Illinois is a judicial foreclosure state, requiring court intervention for the foreclosure process, which typically extends the timeline for completion.
Illinois requires sellers to provide a Residential Real Property Disclosure Report covering material defects in the property's condition.
Data retrieved from data.census.gov for ZCTA 62634.
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.
A historic and scenic natural landmark offering hiking and local history.
A historic site located nearby in Lincoln that serves the broader county area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.