The story of this market
The typical home in ZIP 62993 sells for about $135,000, or $88 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 62993 — Unity
The housing market in 62993 remains stable with modest price appreciation and low inventory levels. Market activity is driven by local demand rather than speculative investment, resulting in a balanced environment for buyers and sellers.
This ZIP is best suited for budget-conscious families and long-term residents who prioritize affordability and a quiet, rural lifestyle over proximity to urban amenities.
Median prices moved up 2.4% year over year.
Homes spend a median of 42 days on market with 3.6 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 13.2% — 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 4.0%/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 3.8%/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 62993, Franklin County IL
Crime rates in this rural area are generally lower than the national average, with property-related incidents being the most common reports.
Schools serving this area are primarily part of small, rural districts that maintain modest performance ratings and focus on community-based education.
The area faces moderate risk from seasonal severe weather, including high winds and localized flooding near river basins.
Economic momentum is stable but slow, driven largely by local agriculture, small-scale retail, and regional public sector employment.
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 typically driving 30-45 minutes to reach larger regional employment hubs.
Recreational opportunities are centered on outdoor activities, including local parks, fishing spots, and community-managed sports fields.
The rental market is characterized by limited inventory and stable, affordable pricing, with minimal short-term rental activity.
The local economy is anchored by agriculture, local government, and small-scale manufacturing, with limited large-scale corporate presence.
Transportation infrastructure is limited to state and county highways; there is no significant public transit system.
There are no major large-scale commercial or residential developments currently approved or under construction in this ZIP.
The county appraisal district conducts annual assessments based on market sales data and property inspections.
Parcels are subject to standard school district and county-level tax levies, with no significant MUD or PID presence.
Property insurance premiums are stable but reflect the regional risk profile for wind and storm damage.
Net domestic migration is relatively flat, with a slight trend toward older residents remaining in the area.
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 using ZCTA 62993 profile.
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.
Local community park with playground and picnic facilities.
Multi-use trails for hiking and cycling.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.