The story of this market
The typical home in ZIP 62932 sells for about $137,000, or $73 per square foot.
Homes take about 66 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $250 a month.
ZIP 62932 — Elkville
The 62932 housing market is characterized by very low inventory and low price points, with a median listing price of $137,000. Sales volume is minimal, and the market shows little new construction activity. The data reflects a stable, rural market with limited turnover.
This area is best suited for budget-conscious buyers or investors looking for low-cost, entry-level housing in a rural village setting.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 66 days on market with 0.0 months of supply — a balanced-paced market.
10% of listings have cut prices · homes sell at 95.6% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.0% · poverty 18.0% — a mixed stability profile.
ZCTA 62932, Jackson County IL
The area is served by the Elverado Community Unit School District 196, which provides education from Pre-Kindergarten through 12th grade.
Economic momentum is limited with minimal new residential construction reported in recent years.
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 rely on personal vehicles for commuting, with access to US Highway 51 serving as a primary corridor.
Local recreation is limited, with small-town amenities and proximity to rural Jackson County landscapes.
The rental market is characterized by low-cost, small-unit housing, with median rents typically ranging between $200 and $299 per month.
The local economy is primarily rural and small-scale, with limited major industrial or corporate presence.
Transportation is heavily dependent on private vehicle use via US Highway 51.
There is no significant large-scale development pipeline currently reported for the village.
Parcels are subject to Elverado Community Unit School District 196 and Jackson County taxing authorities.
Data retrieved from U.S. Census Bureau ZCTA-level tables.
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. Source: NCES EDGE public school locations 2023-24.
Serves as the primary educational anchor for the community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.