The story of this market
The typical home in ZIP 62974 sells for about $155,000, or $96 per square foot.
Prices are roughly flat from a year ago (+0.6%), a market in balance. Homes take about 108 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $933 a month.
ZIP 62974
The housing market in 62974 is characterized by low inventory and stable, modest price growth. Market activity remains limited, with few active listings and a slow pace of sales, reflecting the rural nature of the area. Current conditions are driven by local demand rather than speculative investment.
This ZIP is best suited for local families and individuals seeking a rural, quiet lifestyle with lower housing costs compared to national averages.
Median prices moved up 0.6% year over year.
Homes spend a median of 108 days on market with 1.0 months of supply — a balanced-paced market.
50% of listings have cut prices · homes sell at 98.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.0% · poverty 7.6% — 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 4.0%/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 4.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 62974, Williamson County, IL
The area is served by local public school districts; specific performance ratings vary by individual school and district accountability reports.
The area is primarily rural with limited large-scale industrial or commercial development momentum reported.
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 a mean commute time of approximately 26 minutes.
The area features access to local parks and rural outdoor spaces, with proximity to regional shopping and dining in nearby larger municipalities.
The rental market is characterized by a low inventory of single-family homes and apartments, with rents showing moderate growth over the last decade.
The local economy is primarily driven by small businesses and regional services within Williamson County.
Transportation is heavily reliant on private vehicle use with limited public transit infrastructure.
No major large-scale commercial or residential developments are currently reported for this ZIP.
Williamson County assesses property values based on market data and state-mandated appraisal cycles.
Parcels are subject to standard county and school district property tax levies.
Property insurance premiums are influenced by regional weather patterns and standard risk assessments for Southern Illinois.
Data retrieved from U.S. Census Bureau ACS 2023 via CensusDepth and AtlasBig.
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.
Small community parks providing basic outdoor space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.