The story of this market
The typical home in ZIP 62988 sells for about $85,000, or $62 per square foot.
Prices are down 2.3% from a year ago, which gives buyers more room to negotiate. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $493 a month.
ZIP 62988 — Tamms
The housing market in 62988 remains stable with low transaction volume and modest price points. Market conditions are driven by limited inventory and a rural demographic, resulting in longer days on market compared to urban centers. Prices have seen slight year-over-year softening, reflecting broader regional economic trends.
This ZIP is best suited for budget-conscious buyers, retirees, or those seeking a quiet, rural lifestyle who are comfortable with longer commutes to larger employment centers.
Median prices moved down 2.3% year over year.
Homes spend a median of 112 days on market with 7.0 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 94.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.4% · poverty 16.7% — 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 3.0%/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 3.4%/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 62988, Alexander County IL
The area is served by the Anna Jonesboro Community High School District 81, which provides local secondary education.
The region is subject to standard Midwestern weather risks, including seasonal storm activity and potential flood plain exposure near local waterways.
Economic momentum is limited, with the area primarily serving as a rural residential base for the surrounding Alexander County region.
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 regional employment hubs in nearby Carbondale or Cape Girardeau via local state highways.
Recreation is centered on outdoor access to the Shawnee National Forest and local community parks, with limited commercial shopping and dining options within the immediate ZIP.
The rental market is characterized by low inventory and modest demand, with limited turnover and a lack of large-scale multi-family developments.
The local economy is driven by agriculture, public services, and small-scale retail, with significant reliance on regional employment centers in Southern Illinois.
Transportation is almost exclusively private vehicle-based, with limited public transit infrastructure connecting the rural ZIP to larger urban centers.
There are no major large-scale commercial or residential developments currently approved or under construction within the ZIP.
The Alexander County Assessor manages property valuations, with assessments typically updated on a multi-year cycle based on market trends.
Parcels are subject to local school district levies and county-wide tax assessments for public services.
Property insurance premiums are influenced by regional weather patterns and the rural nature of the housing stock.
Illinois is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Illinois law requires sellers to provide a Residential Real Property Disclosure Report detailing the condition of the property.
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.
Provides extensive regional hiking, camping, and outdoor recreation access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.