The story of this market
The typical home in ZIP 62656 sells for about $125,000, or $139 per square foot.
Prices are up +9.4% from a year ago, so sellers still have some momentum. Homes take about 60 days to sell. HUD's fair market rent for a two-bedroom is $830 a month.
ZIP 62656 — Lincoln
The housing market in 62656 is showing signs of steady growth with a 9.4% year-over-year increase in median listing prices. Inventory remains tight with 60 active listings, supporting a competitive environment for buyers. The market is driven by local demand and affordability relative to larger Illinois metros.
This ZIP is well-suited for families and first-time homebuyers seeking affordable housing in a quiet, small-town environment. It also appeals to commuters who work in nearby regional hubs but prefer a lower cost of living.
Median prices moved up 9.4% year over year.
Homes spend a median of 60 days on market with 4.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 15.2% — 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 3.1%/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 2.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 62656, Logan County IL
Crime rates in Lincoln are generally consistent with regional averages for small Midwestern cities, with property crime being the primary concern. Local law enforcement maintains a standard presence, and the area is considered relatively safe compared to larger urban centers in Illinois.
The area is served by several elementary schools including Adams and Central, with a mix of public and private options available. School quality is generally characterized as stable, with student-teacher ratios typical for the region.
The area faces standard Midwestern climate risks, including potential for severe thunderstorms and occasional high winds. Flood risk is generally low, though localized drainage issues can occur in specific low-lying areas.
Economic momentum is driven by local government, education, and healthcare sectors, with Lincoln serving as the county seat. Infrastructure is supported by proximity to I-155, facilitating regional connectivity.
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 excellent access to I-155 providing direct routes to larger employment hubs like Bloomington-Normal and Springfield. Local traffic is minimal, and parking is widely available.
The area features local parks and green spaces suitable for outdoor activities, with proximity to regional lakes and golf courses. Shopping and dining are concentrated in the historic downtown and along major arterial roads.
The rental market is characterized by steady demand from local workers and students, with a mix of single-family rentals and small apartment complexes. Vacancy pressure remains low due to limited new construction.
The economy is anchored by public administration, healthcare, and education, with the Logan Correctional Center and local school districts serving as major employers.
Transportation is dominated by private vehicle use, with I-155 serving as the primary highway corridor. Public transit options are limited, primarily consisting of regional assistance programs.
Development is focused on small-scale residential infill and commercial revitalization within the existing city footprint.
The Logan County Assessor's office manages property valuations, typically reassessing properties on a multi-year cycle to ensure tax equity.
Parcels are subject to various taxing districts, including school districts, community college districts, and local municipal service districts.
Property insurance premiums are generally stable, reflecting the area's moderate risk profile for natural disasters.
Data retrieved from data.census.gov for ZCTA 62656.
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.
Provides various recreational facilities and community programs.
Historic district with local shops and restaurants.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.