The story of this market
The typical home in ZIP 62040 sells for about $129,900, or $105 per square foot.
Prices are up +1.29% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $910 a month.
ZIP 62040 — Granite City
The 62040 housing market is currently balanced, with a median sale price of $129,900 and a moderate supply of inventory. While home prices have seen modest year-over-year growth, the rental market is experiencing significant upward pressure, which is driving interest from investors. Overall, the market remains stable as it navigates regional economic shifts.
This ZIP is well-suited for budget-conscious family buyers and commuters looking for proximity to St. Louis, as well as investors seeking entry-level rental opportunities.
Median prices moved up 1.3% year over year.
Homes spend a median of 48 days on market with 3.8 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 15.0% — 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 4.8%/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 4.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 62040, Madison County IL
Crime rates in Granite City are generally higher than the national average, with property crime being the most frequently reported issue in the area.
Schools in the area are primarily served by the Granite City Community Unit School District 9, which provides a range of public education options for local families.
The area faces moderate risks related to flooding due to its proximity to the Mississippi River and regional drainage patterns.
Economic momentum is tied to the industrial and logistics sectors in the St. Louis metro area, with ongoing efforts to revitalize local commercial corridors.
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 commute to the St. Louis employment core via I-270 and I-55/70, with typical drive times ranging from 15 to 30 minutes depending on traffic.
The area features Wilson Park and various local community centers, with proximity to the Mississippi River trails and regional shopping centers in nearby communities.
The rental market has seen significant upward pressure on pricing, with a 23.53% year-over-year increase in median rent, indicating high demand relative to supply.
The local economy is anchored by manufacturing, logistics, and healthcare services, benefiting from its strategic location within the St. Louis metropolitan area.
The area is served by major highway corridors including I-270 and I-55/70, facilitating regional transit and freight movement.
Development focus remains on infrastructure upgrades and the repurposing of older industrial sites for modern commercial use.
Madison County utilizes a mass appraisal system to determine property values for tax purposes, with assessments updated periodically.
Parcels are subject to various special districts including school, library, and fire protection districts.
Property insurance premiums are influenced by regional hazard profiles, including flood and wind exposure common to the Mississippi River valley.
Data retrieved from Census Reporter and data.census.gov profiles for ZCTA 62040.
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.
- Dave & Buster's St. Louis4.118.4 mi
- Carondelet Park Rec Complex4.312.8 mi
- Urban Air Trampoline and Adventure Park4.218.9 mi
- Activate Games4.912.6 mi
- Sky Zone Trampoline Park4.214 mi
- Busch Stadium4.87.3 mi
- Enterprise Center4.67.3 mi
- City Museum4.76.8 mi
- Ameristar Casino Resort Spa St. Charles4.219.4 mi
- The Dome at America's Center4.46.5 mi
- Saint Louis Zoo4.810.3 mi
- The Gateway Arch4.77 mi
- Busch Stadium4.87.3 mi
- Missouri Botanical Garden4.89.9 mi
- Saint Louis Art Museum4.810.3 mi
- The Gateway Arch4.77 mi
- Missouri Botanical Garden4.89.9 mi
- City Museum4.76.8 mi
- Gateway Arch National Park4.86.9 mi
- Saint Louis Science Center4.69.7 mi
- Missouri Botanical Garden4.89.9 mi
- Gateway Arch National Park4.86.9 mi
- Forest Park4.810 mi
- Cahokia Mounds UNESCO World Heritage Site4.75.6 mi
- Tower Grove Park4.810.1 mi
- Topgolf St. Louis - Midtown4.28.2 mi
- Forest Park Golf Course4.310.2 mi
- Norwood Hills Country Club4.68.2 mi
- Gateway National Golf Links4.53.9 mi
- The Highlands Golf & Tennis4.49.5 mi
- Saint Louis Galleria4.313 mi
- City Foundry STL4.68.2 mi
- St. Clair Square4.211.6 mi
- Soulard Farmers Market4.78.2 mi
- Schnucks Lindell3.98.1 mi
- St. Louis Lambert International Airport4.113.4 mi
- MidAmerica St. Louis Airport4.220.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A major community park featuring sports fields and recreational space.
Local venue for community entertainment and movies.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.