HousingHandbookReference data

U.S. ZIP Code · IL62048

Madison County · St. Louis, MO-IL

Typical home value

$79,167[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-2.4%
5-year / yr
+1.7%
10-year / yr
+3.1%

Relative price

vs U.S.
-72.1%
vs metro
-68.4%
vs state
-58.6%
ZIP 62048 location in IL
Location of ZIP 62048 in IL

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 62048 is worth $79,167 — 68.4% below the St. Louis, MO-IL median. Over the past year, values have fallen 2.4%. The effective property tax rate is 1.3%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.3%[3]
Typical annual tax
$1,025[3]

#Climate risk

FEMA National Risk Index ratings for Madison County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively Low
Heat wave
Relatively High
Hurricane
Very Low
Tornado
Relatively High
Earthquake
Relatively Moderate
Winter weather
Relatively High

#Who lives here

Population
1,347[3]
Median household income
$40,946[3]

#Migration

Household moves in and out of Madison County over a year, from IRS tax-return data.

Net migration
+152[5]
Moved in
5,518
Moved out
5,366

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
1
Elementary
1
Middle
0
High
0
  • Hartford Elem School

    Elementary · Grades PK–5 · Wood River-Hartford ESD 15

    159 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$400
Loan principal$63,333
Down payment$15,833
Total interest paid$80,778

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$552
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
17th percentile[1]
Rental yield
[2]
Property tax
56th percentile[3]

Frequently asked

How much is a home worth in ZIP code 62048?
The typical home in 62048 is worth $79,167, based on the Zillow Home Value Index.
Are home values rising in 62048?
Home values in 62048 are down 2.4% over the past year, and up 1.7% a year over five years.
What is the property tax rate in 62048?
The effective property tax rate in 62048 is 1.3% — roughly $1,025 a year on a typical home.
Who lives in 62048?
ZIP code 62048 has a population of 1,347 and a median household income of $40,946.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Pagedale, MO

    Typical home
    $78,353
    Gross yield
    18.9%
  • Dupo, IL

    Typical home
    $80,503
    Gross yield
  • Benld, IL

    Typical home
    $73,884
    Gross yield
  • Jennings, MO

    Typical home
    $86,694
    Gross yield
    16.9%
  • Wilsonville, IL

    Typical home
    $69,754
    Gross yield
  • Normandy, MO

    Typical home
    $89,620
    Gross yield
    15.7%

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