The story of this market
The typical home in ZIP 62956 sells for about $121,265, or $78 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 85 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $693 a month.
ZIP 62956 — Karnak
The housing market in 62956 is characterized by low inventory and steady, modest price appreciation. Demand is driven by local buyers seeking affordable rural living, with limited new construction activity keeping the market balanced.
This ZIP is best suited for rural-lifestyle seekers, retirees, and budget-conscious families looking for affordable housing and proximity to natural amenities.
Median prices moved up 4.2% year over year.
Homes spend a median of 85 days on market with 6.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.9% · poverty 16.0% — 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 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 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 62956
Crime rates in the Karnak area are generally low and consistent with rural Southern Illinois trends, remaining well below national averages.
Schools serving the area are part of rural district systems with limited extracurricular offerings but stable, community-focused educational environments.
The area faces moderate risk from seasonal flooding due to proximity to the Cache River and Ohio River basins, requiring standard flood insurance considerations.
Economic momentum is modest, driven primarily by local agriculture, forestry, and small-scale manufacturing, with limited large-scale industrial 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 primarily car-dependent, with residents traveling to Metropolis or Paducah, KY for major employment hubs via state routes.
The area offers significant outdoor recreation, including access to the Cache River State Natural Area, local fishing spots, and rural hiking trails.
The rental market is characterized by low inventory and high demand for affordable single-family homes, with limited multi-family options.
The local economy is anchored by agriculture and regional services, with many residents commuting to nearby Metropolis or Paducah for employment.
Transportation is entirely road-based, relying on state highways for regional connectivity; no public transit infrastructure exists.
There are no major large-scale commercial or residential developments currently approved or under construction in this ZIP.
The county appraisal districts manage assessments based on market value, with periodic reassessments to ensure tax equity.
Parcels are subject to local school district taxes and county-level levies for emergency services and road maintenance.
Property insurance premiums are stable but reflect regional risks associated with flood zones and severe weather events.
Net domestic migration is neutral, with a balance between long-term residents and small inflows of retirees.
Illinois is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a residential real property disclosure report detailing the condition of the home.
Data retrieved from data.census.gov for ZCTA 62956.
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.
A major regional attraction featuring wetlands, hiking trails, and diverse wildlife.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.