The story of this market
The typical home in ZIP 62867 sells for about $165,000, or $123 per square foot.
Prices are up +10% from a year ago, so sellers still have some momentum. Homes take about 66 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $490 a month.
ZIP 62867 — New Haven
The housing market in 62867 is a low-activity, rural market with limited inventory and stable pricing. Market conditions are driven by local demand rather than regional economic growth, resulting in a balanced but slow-moving environment.
This area is best suited for individuals or families seeking a quiet, rural lifestyle with a low cost of living, rather than commuters or those requiring proximity to major urban amenities.
Median prices moved up 10.0% year over year.
Homes spend a median of 66 days on market with 4.0 months of supply — a balanced-paced market.
16% of listings have cut prices · homes sell at 93.6% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 39.9% · poverty 18.1% — a mixed stability profile.
versus the prior ACS vintage
ZCTA 62867, Gallatin County IL
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 rely on personal vehicles for commuting, with Illinois Route 141 serving as the primary corridor connecting to regional employment hubs.
The area offers rural outdoor access near the Wabash River, with limited local shopping and recreational facilities within the immediate village vicinity.
The rental market is characterized by low density and limited inventory, primarily serving local residents with few short-term rental pressures.
The local economy is primarily driven by agriculture and small-scale local services, with limited major industrial or corporate presence.
Transportation is heavily dependent on private vehicle use, with Illinois Route 141 providing the main east-west connection.
The Gallatin County assessment office manages property valuations for tax purposes based on state-mandated assessment cycles.
Parcels are subject to local school district levies and county-wide special service districts.
Data retrieved from US Census Bureau ZCTA 62867 profiles.
Provides regional access for outdoor recreation and borders the Indiana state line.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.