The story of this market
The typical home in ZIP 61059 sells for about $215,000, or $118 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,120 a month.
ZIP 61059 — Nora
The housing market in 61059 is characterized by low inventory and slow turnover, typical of a rural township. Prices have seen modest appreciation, driven by limited supply rather than high demand. The market remains stable with little speculative activity.
This ZIP is best suited for those seeking a quiet, rural lifestyle, including retirees and individuals who work remotely or are willing to commute for employment.
Median prices moved up 2.4% year over year.
Homes spend a median of 62 days on market with 6.0 months of supply — a balanced-paced market.
8% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 5.1% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 61059, Jo Daviess County, IL
Schools serving this rural area are primarily managed by small regional districts with limited extracurricular offerings but stable academic performance.
The area is primarily rural with low wildfire risk, though localized flooding can occur near small creek beds during heavy spring rains.
Economic momentum is limited, with the area serving primarily as a rural residential base for commuters to larger regional hubs.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
Residents typically rely on personal vehicles for long-distance commutes to regional employment centers in larger nearby cities.
Recreation is centered on outdoor activities, including local parks and access to rural trails, with limited commercial shopping within the immediate ZIP.
The rental market is very thin with low turnover and limited institutional investor presence.
The local economy is heavily reliant on agriculture and small-scale local services.
Public transit is non-existent; the area is served by rural state highways.
No major commercial or residential developments are currently approved or under construction.
The Jo Daviess County Assessor manages assessments with a focus on agricultural land valuation and residential property equalization.
Parcels are subject to local school district taxes and county-level levies for emergency services.
Insurance premiums are stable but reflect the rural nature of the area and distance from fire protection services.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Notable for scenic limestone bluffs and hiking trails.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.