HousingHandbookReference data

U.S. ZIP Code · IL62650

Morgan County

Typical home value

$141,635[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+6.0%
5-year / yr
+4.4%
10-year / yr
+3.1%

Relative price

vs U.S.
-50.1%
vs metro
vs state
-25.9%
ZIP 62650 location in IL
Location of ZIP 62650 in IL

Price history

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

The typical home in 62650 is worth $141,635. Over the past year, values have risen 6.0%. 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
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
1.8%[3]
Typical annual tax
$2,510[3]

#Climate risk

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

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

#Who lives here

Population
24,821[3]
Median household income
$65,762[3]

#Migration

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

Net migration
-79[5]
Moved in
642
Moved out
721

Schools

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

Public schools
17
Elementary
5
Middle
1
High
3
  • Jacksonville High School

    High · Grades 9–12 · Jacksonville SD 117

    894 students

  • Jacksonville Middle School

    Middle · Grades 6–8 · Jacksonville SD 117

    654 students

  • Eisenhower Elem School

    Elementary · Grades K–5 · Jacksonville SD 117

    331 students

  • South Jacksonville Elem School

    Elementary · Grades K–5 · Jacksonville SD 117

    299 students

  • Washington Elem School

    Elementary · Grades K–5 · Jacksonville SD 117

    270 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$716
Loan principal$113,308
Down payment$28,327
Total interest paid$144,518

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$1,043
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
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 62650?
The typical home in 62650 is worth $141,635, based on the Zillow Home Value Index.
Are home values rising in 62650?
Home values in 62650 are up 6.0% over the past year, and up 4.4% a year over five years.
What is the property tax rate in 62650?
The effective property tax rate in 62650 is 1.8% — roughly $2,510 a year on a typical home.
Who lives in 62650?
ZIP code 62650 has a population of 24,821 and a median household income of $65,762.

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