The story of this market
The typical home in ZIP 62990 sells for about $145,000, or $98 per square foot.
Prices are up +3.5% from a year ago, so sellers still have some momentum. Homes take about 82 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $910 a month.
ZIP 62990 — Thebes
The housing market in 62990 is characterized by low inventory and slow sales velocity, typical of a rural, stable market. Prices have seen modest year-over-year growth, but the limited number of transactions makes the market highly sensitive to individual property sales. Demand remains steady but constrained by the lack of local economic growth drivers.
This ZIP is best suited for those seeking affordable, rural living, including retirees or individuals working in nearby regional hubs who prioritize low housing costs over proximity to urban amenities.
Median prices moved up 3.5% year over year.
Homes spend a median of 82 days on market with 9.5 months of supply — a slower-moving market.
16% of listings have cut prices · homes sell at 96.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.0% · poverty 22.3% — 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 6.1%/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 5.8%/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 62990, Alexander County IL
Crime rates in Thebes are generally low compared to national averages, with property crime being the primary concern in this rural setting.
Schools serving the area are part of the Egyptian Community Unit School District 5, which provides rural educational services with limited extracurricular offerings.
The area is situated along the Mississippi River, presenting significant flood risks for low-lying parcels; wildfire risk is generally low.
Economic momentum is limited, with the local economy primarily driven by agriculture and small-scale local services; there is minimal new commercial 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.
Commuting is primarily by private vehicle, with residents traveling to Cape Girardeau, MO, or Cairo, IL, for employment; public transit options are non-existent.
Recreation is centered on outdoor activities, including access to the Mississippi River for fishing and boating, with limited local shopping and dining options.
The rental market is small and primarily composed of single-family homes, with low turnover and limited investor activity.
The economy is largely agricultural, with limited industrial or corporate presence; most residents commute to larger neighboring cities for employment.
Transportation is entirely dependent on personal vehicles, with access to regional highways being the primary infrastructure.
There are no major commercial or residential developments currently approved or under construction in this ZIP code.
Alexander County assesses property based on fair market value, with periodic reassessments conducted to align with state requirements.
Parcels are subject to local school district taxes and county-level levies for emergency services and infrastructure.
Property insurance premiums are influenced by the area's proximity to the Mississippi River and associated flood risks.
Net domestic migration is generally flat or slightly negative, typical of rural southern Illinois.
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 for ZCTA 62990.
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 local access for fishing and recreational boating.
A notable historic site in the village.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.