HousingHandbookReference data

U.S. ZIP Code · IL62240

St. Clair County · St. Louis, MO-IL

Typical home value

$80,503[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-4.3%
5-year / yr
-1.9%
10-year / yr
+2.4%

Relative price

vs U.S.
-71.7%
vs metro
-67.9%
vs state
-57.9%
ZIP 62240 location in IL
Location of ZIP 62240 in IL

Price history

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

The typical home in 62240 is worth $80,503 — 67.9% below the St. Louis, MO-IL median. Over the past year, values have fallen 4.3%. The effective property tax rate is 1.7%.

#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
1.7%[3]
Typical annual tax
$1,363[3]

#Climate risk

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

Overall risk
Relatively High[4]
Riverine flood
Relatively High
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
1,796[3]
Median household income
$96,063[3]

#Migration

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

Net migration
-314[5]
Moved in
5,934
Moved out
6,248

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$407
Loan principal$64,403
Down payment$16,101
Total interest paid$82,142

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$588
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
3rd percentile[1]
Rental yield
[2]
Property tax
82nd percentile[3]

Frequently asked

How much is a home worth in ZIP code 62240?
The typical home in 62240 is worth $80,503, based on the Zillow Home Value Index.
Are home values rising in 62240?
Home values in 62240 are down 4.3% over the past year, and down 1.9% a year over five years.
What is the property tax rate in 62240?
The effective property tax rate in 62240 is 1.7% — roughly $1,363 a year on a typical home.
Who lives in 62240?
ZIP code 62240 has a population of 1,796 and a median household income of $96,063.

#Comparable ZIPs

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

  • Madison, IL

    Typical home
    $79,167
    Gross yield
  • Pagedale, MO

    Typical home
    $78,353
    Gross yield
    18.9%
  • Jennings, MO

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

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

    Typical home
    $89,620
    Gross yield
    15.7%
  • Wilsonville, IL

    Typical home
    $69,754
    Gross yield

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