How much is a home worth in ZIP code 62294?

The typical home in 62294 is worth $330,426, based on the Zillow Home Value Index.

Are home values rising in 62294?

Home values in 62294 are up 6.6% over the past year, and up 6.1% a year over five years.

What is the typical rent in 62294?

A typical home in 62294 rents for about $1,297 a month, a gross rental yield of 4.7%.

What is the property tax rate in 62294?

The effective property tax rate in 62294 is 1.8% — roughly $5,826 a year on a typical home.

ZIP code 62294 has a population of 15,325 and a median household income of $120,466.

HousingHandbookReference data

…

U.S. ZIP Code · IL62294

Madison County · St. Louis, MO-IL

Typical home value

$330,426^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +6.6%
5-year / yr: +6.1%
10-year / yr: +5.9%

Relative price

vs U.S.: +16.3%
vs metro: +31.9%
vs state: +72.8%

Price history

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

The typical home in 62294 is worth $330,426 — 31.9% above the St. Louis, MO-IL median. Over the past year, values have risen 6.6%. Homes here rent for a typical $1,297 a month — a 4.7% gross rental yield. The effective property tax rate is 1.8%.

#Rent & investment

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

Monthly rent: $1,297^[2]
Gross yield: 4.7%^[2]
Cap rate: 2.8%^[2]

#Property tax

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

Effective tax rate: 1.8%^[3]
Typical annual tax: $5,826^[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: 15,325^[3]
Median household income: $120,466^[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: 4
Elementary: 2
Middle: 0
High: 2

Triad High School
High · Grades 9–12 · Triad CUSD 2
1,188 students
Silver Creek Elementary
Elementary · Grades PK–5 · Triad CUSD 2
751 students
C A Henning School
Elementary · Grades PK–5 · Triad CUSD 2
747 students
Center for Educ Opp
High · Grades 6–12 · Madison 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.

Home value$Monthly rent$

Gross yield4.7%

Net yield (after ~40% expenses)2.8%

Annual rent$15,560

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,671

Loan principal$264,341

Down payment$66,085

Total interest paid$337,152

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.87

Monthly cost to own$2,431

Monthly rent$1,297

Renting is meaningfully cheaper month-to-month.

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: 89th percentile^[1]
Rental yield: 17th percentile^[2]
Property tax: 87th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 62294?: The typical home in 62294 is worth $330,426, based on the Zillow Home Value Index.
Are home values rising in 62294?: Home values in 62294 are up 6.6% over the past year, and up 6.1% a year over five years.
What is the typical rent in 62294?: A typical home in 62294 rents for about $1,297 a month, a gross rental yield of 4.7%.
What is the property tax rate in 62294?: The effective property tax rate in 62294 is 1.8% — roughly $5,826 a year on a typical home.
Who lives in 62294?: ZIP code 62294 has a population of 15,325 and a median household income of $120,466.

#Comparable ZIPs

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

62025 vs 62294 →
Edwardsville, IL
Typical home
$330,414
Gross yield
5.3%
62062 vs 62294 →
Maryville, IL
Typical home
$330,683
Gross yield
—
63376
St. Peters, MO
Typical home
$329,039
Gross yield
6.1%
62034
Glen Carbon, IL
Typical home
$333,176
Gross yield
—
63146
Maryland Heights, MO
Typical home
$333,241
Gross yield
4.6%
62298
Waterloo, IL
Typical home
$334,359
Gross yield
—

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#Jump to section

U.S. ZIP Code · IL62294

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