HousingHandbookReference data

U.S. ZIP Code · IL62298

Monroe County · St. Louis, MO-IL

Typical home value

$334,359[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+6.3%
5-year / yr
+5.8%
10-year / yr
+5.4%

Relative price

vs U.S.
+17.7%
vs metro
+33.5%
vs state
+74.8%
ZIP 62298 location in IL
Location of ZIP 62298 in IL

Price history

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

The typical home in 62298 is worth $334,359 — 33.5% above the St. Louis, MO-IL median. Over the past year, values have risen 6.3%. 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
$4,503[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
18,208[3]
Median household income
$101,155[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
5
Elementary
3
Middle
1
High
1
  • Waterloo High School

    High · Grades 9–12 · Waterloo CUSD 5

    879 students

  • Waterloo Junior High School

    Middle · Grades 6–8 · Waterloo CUSD 5

    574 students

  • W J Zahnow Elem School

    Elementary · Grades PK–1 · Waterloo CUSD 5

    473 students

  • Rogers Elem School

    Elementary · Grades 2–3 · Waterloo CUSD 5

    432 students

  • Gardner Elementary School

    Elementary · Grades 4–5 · Waterloo CUSD 5

    384 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$1,691
Loan principal$267,487
Down payment$66,872
Total interest paid$341,165

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$2,345
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
83rd percentile[1]
Rental yield
[2]
Property tax
59th percentile[3]

Frequently asked

How much is a home worth in ZIP code 62298?
The typical home in 62298 is worth $334,359, based on the Zillow Home Value Index.
Are home values rising in 62298?
Home values in 62298 are up 6.3% over the past year, and up 5.8% a year over five years.
What is the property tax rate in 62298?
The effective property tax rate in 62298 is 1.3% — roughly $4,503 a year on a typical home.
Who lives in 62298?
ZIP code 62298 has a population of 18,208 and a median household income of $101,155.

#Comparable ZIPs

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

  • Maryland Heights, MO

    Typical home
    $333,241
    Gross yield
    4.6%
  • Glen Carbon, IL

    Typical home
    $333,176
    Gross yield
  • Old Monroe, MO

    Typical home
    $335,706
    Gross yield
  • Maryville, IL

    Typical home
    $330,683
    Gross yield
  • Troy, IL

    Typical home
    $330,426
    Gross yield
    4.7%
  • Edwardsville, IL

    Typical home
    $330,414
    Gross yield
    5.3%

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