62860 ZIP Code Housing Market
The 62860 zip code, located in Sherrard, IL, is currently classified as a balanced market..
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 62860 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Market analysis for 62860
The 62860 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, market dynamics influence how quickly homes sell and at what price relative to their listing.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 62860 have remained relatively stable compared to last year. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
Community profile
Population
384
Median income
$80,288/yr
Median age
45.1 years
Owner-occupied
8418.0%
College grads
951.0%
Living in 62860
Zip code 62860 is home to approximately 384 residents. The median household income is $80,288 per year, which shapes the types of homes and amenities available in the area. With a median age of 45.1 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 8418.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 951.0% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 62860.
Frequently asked questions about 62860
What is the median home price in 62860?
Median sale price data for 62860 is currently being compiled. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 62860 a buyer's or seller's market?
The 62860 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 62860?
Zip code 62860 has a population of approximately 384 residents. The median household income is $80,288 per year. About 8418.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 62860?
Properties Incorporated provides comprehensive data for 62860 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 62860 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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