HousingHandbookReference data

U.S. ZIP Code · IL62278

Monroe County · St. Louis, MO-IL

Typical home value

$254,909[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+15.8%
5-year / yr
+7.8%
10-year / yr
+6.4%

Relative price

vs U.S.
-10.3%
vs metro
+1.8%
vs state
+33.3%
ZIP 62278 location in IL
Location of ZIP 62278 in IL

Price history

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

The typical home in 62278 is worth $254,909 — 1.8% above the St. Louis, MO-IL median. Over the past year, values have risen 15.8%. The effective property tax rate is 1.4%.

#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
1.4%[3]
Typical annual tax
$3,482[3]

#Climate risk

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

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

#Who lives here

Population
6,281[3]
Median household income
$79,688[3]

#Migration

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

Net migration
-32[5]
Moved in
737
Moved out
769

Schools

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

Public schools
6
Elementary
1
Middle
0
High
4
  • Red Bud Elem School

    Elementary · Grades PK–8 · Red Bud CUSD 132

    612 students

  • Red Bud High School

    High · Grades 9–12 · Red Bud CUSD 132

    416 students

  • CCSI Alternative School

    High · Grades 9–12 · Monroe/Randolph ROE

    0 students

  • Career Center of Southern IL

    High · Grades 10–12 · Monroe/Randolph ROE

    0 students

  • Monroe/Randolph Red Brick Sch

    High · Grades 6–12 · Monroe/Randolph ROE

    0 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$1,289
Loan principal$203,927
Down payment$50,982
Total interest paid$260,098

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$1,792
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
100th percentile[1]
Rental yield
[2]
Property tax
61st percentile[3]

Frequently asked

How much is a home worth in ZIP code 62278?
The typical home in 62278 is worth $254,909, based on the Zillow Home Value Index.
Are home values rising in 62278?
Home values in 62278 are up 15.8% over the past year, and up 7.8% a year over five years.
What is the property tax rate in 62278?
The effective property tax rate in 62278 is 1.4% — roughly $3,482 a year on a typical home.
Who lives in 62278?
ZIP code 62278 has a population of 6,281 and a median household income of $79,688.

#Comparable ZIPs

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

  • Damiansville, IL

    Typical home
    $255,163
    Gross yield
  • Maplewood, MO

    Typical home
    $255,211
    Gross yield
    6.4%
  • New Haven, MO

    Typical home
    $257,520
    Gross yield
  • Breese, IL

    Typical home
    $257,640
    Gross yield
  • Foley, MO

    Typical home
    $258,407
    Gross yield
  • Union, MO

    Typical home
    $258,974
    Gross yield
    5.5%

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