HousingHandbookReference data

U.S. ZIP Code · IL62920

Union County

Typical home value

$197,277[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+9.2%
5-year / yr
+4.8%
10-year / yr
+3.5%

Relative price

vs U.S.
-30.6%
vs metro
vs state
+3.2%
ZIP 62920 location in IL
Location of ZIP 62920 in IL

Price history

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

The typical home in 62920 is worth $197,277. Over the past year, values have risen 9.2%. The effective property tax rate is 1.1%.

#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
1.1%[3]
Typical annual tax
$2,084[3]

#Climate risk

FEMA National Risk Index ratings for Union 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 Low
Heat wave
Relatively Moderate
Hurricane
Very Low
Tornado
Relatively Low
Earthquake
Relatively Moderate
Winter weather
Relatively Moderate

#Who lives here

Population
2,959[3]
Median household income
$55,288[3]

#Migration

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

Net migration
-34[5]
Moved in
261
Moved out
295

Schools

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

Public schools
3
Elementary
1
Middle
1
High
1
  • Cobden Elem School

    Elementary · Grades PK–5 · Cobden SUD 17

    219 students

  • Cobden High School

    High · Grades 9–12 · Cobden SUD 17

    139 students

  • Cobden Jr High School

    Middle · Grades 6–8 · Cobden SUD 17

    89 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$998
Loan principal$157,822
Down payment$39,455
Total interest paid$201,293

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$1,336
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 62920?
The typical home in 62920 is worth $197,277, based on the Zillow Home Value Index.
Are home values rising in 62920?
Home values in 62920 are up 9.2% over the past year, and up 4.8% a year over five years.
What is the property tax rate in 62920?
The effective property tax rate in 62920 is 1.1% — roughly $2,084 a year on a typical home.
Who lives in 62920?
ZIP code 62920 has a population of 2,959 and a median household income of $55,288.

Compare ZIPs

Pit ZIP 62920 against any other ZIP — full side-by-side table.

Compare 62920

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