62204 Zip Code First-Time Homebuyer Report for October

With 7,956 residents, 62204 is a larger than average zip code in Illinois. Also, with a 24.8% decrease over the last 10 years, its population is growing slower than other parts of the state. Homes in the 62204 zip code are older than most with a median age of 52 years. The top school in the zip code is Jackson Elementary School.

Price Range

Some of the least expensive homes in Illinois are in the 62204 zip code with a median home value of $41,200, while the list prices of available homes is currently at an average of $25,043. While home sales in the 62204 zip code market have been above average, in this week's report they slid 50.0% to one home sold over the last 30 days.

Typical Dwelling

The typical dwelling in the 62204 zip code is a two-bedroom detached home worth about $6,175. To purchase a similar home, a buyer with good credit and a $1,235 cash down payment could obtain a mortgage with a 3.95% interest rate and a $106 monthly payment. The property tax rate is $16.45 per $1,000 of taxable assessed value.

Get started right now by checking out 62204 homes for sale or reviewing 62204 real estate trends.


Data reported through 10/13/2016

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