Housing Insights for ZIP Code 62087 (South Roxana, IL)

Housing Summary for ZIP Code 62087

Homeowners

The median home value in ZIP Code 62087 (South Roxana, IL) is $76,400. Approximately 63.7% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 4.7%.

The average occupancy of owner-occupied units in ZIP Code 62087 is 2.63 occupants, while owner-occupied units have an aggregate average size of 2.68 bedrooms per housing unit.

Renters

In the 62087 ZIP Code, an estimated 36.3% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 6.2%.

Among renter-occupied units in this ZIP, the average occupancy is 2.57 occupants, while renters in this Madison County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 62087

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 62087.

ZIP 62087 Illinois U.S.
Median Home Value $76,400 $272,779 $356,002
Owner-Occupied Housing Units 63.7% 66.1% 64.0%
Homeowner Vacancy Rate 4.7% 1.8% 1.6%
Average Size of Owner-Occupied Unit 2.63 2.69 2.70
Average # of Bedrooms Per Unit 2.68 2.7 2.75
Median Housing Rent $0 $1,010 $1,062
Renter-Occupied Housing Units 36.3% 33.9% 36.0%
Rental Vacancy Rate 6.2% 6.2% 6.0%
Average Size of Renter-Occupied Unit 2.57 2.35 2.49
Percent of Income Spent on Rent 0% 29.36% 29.83%

Home Values in ZIP Code 62087 (South Roxana, IL)

The median home value in ZIP Code 62087 is $76,400. That median value is about 61% lower than the median home value of $194,500 in Illinois overall, and is 65% lower than the $217,500 the median home value in the entire U.S. Approximately 62.1% of homes in ZIP Code 62087 are valued $50,000 to $99,999. That is 334% higher than in the state of Illinois, in which 14.3% of homes are valued at $50,000 to $99,999, and is about 418% higher than in the U.S. overall (12.0% of homes valued at $50,000 to $99,999). The home value range that the smallest portion of ZIP Code 62087 homes fall into is $1,000,000 or more (0.0% of homes).

Home Values in ZIP Code 62087

This chart visualizes the breakdown of home values in ZIP Code 62087, Illinois, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 62087 vs. home values in both the state of Illinois and in the U.S. overall.

Home Values in ZIP Code 62087

See the table below for a regional comparison of home values in ZIP Code 62087.

Home Value ZIP 62087 Illinois U.S.
Less than $50,000 17.6% 6.2% 6.9%
$50,000 to $99,999 62.1% 14.3% 12.0%
$100,000 to $149,999 17.0% 15.1% 13.3%
$150,000 to $199,999 2.2% 15.9% 14.0%
$200,000 to $299,999 1.2% 21.6% 19.6%
$300,000 to $499,999 0.0% 17.8% 19.3%
$500,000 to $999,999 0.0% 7.3% 11.4%
$1,000,000 or more 0.0% 1.8% 3.4%

Home Ages in ZIP Code 62087 (South Roxana, IL)

Approximately 22.4% of homes in this South Roxana, IL region were built in 1950 to 1959. This amount of homes built in 1950 to 1959 in ZIP Code 62087 is about 78% higher than percentage of homes built in this time period in Illinois overall (12.6% of homes), and is 117% higher the percentage (10.3% of homes) in the U.S. as a whole. Additionally, an esimated 20.6% of local homes were built in 1939 or earlier. On the other end of the scale, just 0.0% of homes in this Madison County ZIP Code were built in 2014 or later in ZIP Code 62087. In comparison, 1.1% of homes in Illinois overall were built in 2014 or later, while 2.5% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 62087

A detailed regional comparison of home ages in ZIP Code 62087.

Year Built ZIP 62087 Illinois U.S.
2014 or later 0.0% 1.1% 2.5%
2010 to 2013 2.5% 1.4% 2.7%
2000 to 2009 6.8% 11.0% 14.0%
1990 to 1999 13.3% 11.0% 13.9%
1980 to 1989 5.0% 9.0% 13.4%
1970 to 1979 12.6% 14.5% 15.2%
1960 to 1969 10.0% 11.6% 10.6%
1950 to 1959 22.4% 12.6% 10.3%
1940 to 1949 6.9% 6.2% 4.9%
1939 or earlier 20.6% 21.4% 12.6%

Age of Homes in ZIP Code 62087

See the chart below for details on the age of homes in ZIP Code 62087, Illinois, and also in the U.S. overall. Data here refers to years that homes were built.

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Housing FAQs for ZIP Code 62087

Frequently asked questions about housing in this South Roxana, IL ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 62087.

1

What is the average home value ZIP Code 62087?

The median home value in ZIP Code 62087 (South Roxana, IL) is $76,400.
2

Are homes expensive in ZIP Code 62087?

The median home value in 62087 ($76,400) is an estimated 61% lower than the aggregate median value of $194,500 in Illinois, and is 65% lower than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 62087?

The vacacy rate for owner-occupied housing in ZIP Code 62087 is 4.7%. This rate is 161% higher than the overall Illinois owner-occupied vacancy rate of 1.8%. Additionally, the 62087 vacancy rate is 194% higher than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 62087 have older homes or newer construction?

In ZIP Code 62087, about 22.4% of homes were built in 1950 to 1959. That time range includes the most home construction. Also, 20.6% of homes in the region were built in 1939 or earlier. In contrast, 0.0% of homes in 62087 were built in 2014 or later.
5

What is the housing breakdown in ZIP Code 62087? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 62087 than renter-occupied housing. Owner-occupied units make up 63.7% of housing, compared to 36.3% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 62087?

The vacacy rate for rental units in ZIP Code 62087 is 6.2%. This rate is 0% lower than the overall Illinois vacancy rate of 6.2%. Additionally, the 62087 vacancy rate is 3% higher than the entire U.S. vacancy rate of 6.0%.