The story of this market
The typical home in ZIP 62901 sells for about $115,000, or $89 per square foot.
Prices are down 10.4% from a year ago, which gives buyers more room to negotiate. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $700 a month.
ZIP 62901 — Carbondale
The 62901 housing market is currently experiencing a cooling phase with a year-over-year decline in median sale prices. High inventory levels relative to demand and affordability constraints are driving this trend, resulting in a balanced market environment. Rental demand remains steady due to the university presence, though sales activity has slowed.
This ZIP is well-suited for university students, faculty, and budget-conscious families looking for affordable housing with access to regional outdoor amenities.
Median prices moved down 10.4% year over year.
Homes spend a median of 68 days on market with 4.5 months of supply — a balanced-paced market.
5% of listings have cut prices · homes sell at 91.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.5% · poverty 22.0% — a mixed stability 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 1.3%/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 2.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 62901, Jackson County IL
Carbondale experiences crime rates that are higher than the national average, with property crime being the most frequently reported issue in the area.
The area is served by Carbondale Elementary and High School districts, which generally receive mixed ratings from public school evaluators.
The region faces moderate risks from severe thunderstorms and occasional flooding, with standard insurance coverage recommended for property owners.
The local economy is anchored by Southern Illinois University, which serves as the primary driver for employment, infrastructure, and regional development.
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.
Commutes are generally short due to the compact nature of the city, with most residents reaching major employment hubs within 15-20 minutes.
The area offers proximity to the Shawnee National Forest, providing extensive hiking and outdoor trails, alongside local parks and community sports facilities.
The rental market is heavily influenced by the university student population, leading to seasonal vacancy fluctuations and a high demand for affordable housing.
The economy is heavily reliant on Southern Illinois University and the associated healthcare and service sectors that support the student and faculty population.
The area is served by local bus transit and is accessible via major regional highways, though personal vehicle ownership remains the primary mode of transport.
Development is focused on revitalizing the downtown area and expanding student-oriented housing near the university campus.
The Jackson County Assessor's office manages property valuations, with assessments updated periodically to reflect market changes.
Parcels are subject to various taxing districts including school, community college, and municipal utility districts.
Property insurance premiums are stable, though coverage for wind and storm damage is a standard consideration for homeowners in the region.
Data retrieved from data.census.gov 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.
Provides extensive hiking, camping, and outdoor recreation opportunities.
Major regional anchor institution and cultural hub.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.