The story of this market
The typical home in ZIP 62650 sells for about $190,000, or $115 per square foot.
Prices are up +2.6% from a year ago, so sellers still have some momentum. Homes take about 7 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $710 a month.
ZIP 62650 — Jacksonville
The housing market in 62650 remains competitive with low inventory and quick turnover times. Prices have seen modest year-over-year growth, driven by steady demand and limited supply in the local market.
This area fits family buyers and local workers seeking affordable housing options with convenient access to regional transit corridors and essential services.
Median prices moved up 2.6% year over year.
Homes spend a median of 7 days on market with 1.3 months of supply — a fast-moving market.
2% 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 5.9% · poverty 14.6% — 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 5.7%/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 3.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 62650, Morgan County IL
The area is supported by local government and regional service sectors in Morgan County, with proximity to the Springfield micropolitan economic corridor.
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.
The area is served by the Route 36 freeway, providing direct access to regional employment hubs in Jacksonville and commuting routes toward Springfield.
The area features local parks and community facilities within the village of South Jacksonville and the broader Jacksonville area.
The rental market is characterized by steady demand from local workers and students, with limited new inventory impacting vacancy rates.
The economy is anchored by local government, healthcare, and education sectors within the Jacksonville micropolitan area.
The area relies on highway infrastructure, specifically Route 36, for regional connectivity.
Morgan County assessment practices follow standard Illinois property tax statutes.
Parcels are subject to local school district and municipal tax levies.
Standard property insurance coverage is available, with premiums reflecting regional weather patterns.
Data retrieved from data.census.gov ZCTA 62650 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.
- Morgan County Fairground4.45 mi
- RMC Stadium Cinemas at Jacksonville4.52.4 mi
- Prairieland Heritage Museum4.73.5 mi
- Illinois Theatre4.63.7 mi
- Clayville Town Historic Site4.719.5 mi
- Prairieland Heritage Museum4.73.5 mi
- Buena Vista Farms Inc4.69 mi
- Nichols Park4.71.7 mi
- Jacksonville Community Park4.63 mi
- Jacksonville PetSafe Bark Park4.61.7 mi
- Jacksonville Farm & Home Supply4.53.8 mi
- Lincoln Square4.23.5 mi
- Abraham Lincoln Capital Airport4.129.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Local recreational space serving the village residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.