The story of this market
The typical home in ZIP 62447 sells for about $185,000, or $112 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $941 a month.
ZIP 62447 — Neoga
The 62447 housing market remains stable with limited inventory and steady demand from local buyers. Prices have seen modest year-over-year growth, driven by the area's affordability and rural appeal. Market activity is currently balanced, with homes spending a moderate amount of time on the market.
This ZIP is ideal for families and individuals seeking a quiet, affordable rural lifestyle with strong community ties and proximity to regional employment centers.
Median prices moved up 2.4% year over year.
Homes spend a median of 68 days on market with 4.2 months of supply — a balanced-paced market.
12% 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 1.8% · poverty 8.1% — 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 5.4%/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 4.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 62447, Cumberland County IL
Crime rates in the Neoga area remain low and stable, consistent with rural Cumberland County trends and significantly below state and national averages.
The area is served by the Neoga Community Unit School District 3, which maintains a reputation for small class sizes and strong community engagement.
The region faces moderate risk from severe thunderstorms and occasional high winds, with standard flood insurance recommended for properties near the Embarras River basin.
Economic momentum is driven by local agricultural production and small-scale manufacturing, with infrastructure improvements focused on maintaining rural connectivity.
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 primarily commute by car to nearby employment hubs like Effingham or Mattoon, with average commute times reflecting the rural nature of the region.
Local amenities include Lake Mattoon for water activities, several community parks, and proximity to regional trail systems for outdoor recreation.
The rental market is characterized by low inventory and high demand for single-family homes, with limited multi-family options available.
The local economy is anchored by agriculture, manufacturing, and regional retail services, with many residents commuting to larger nearby cities for employment.
Transportation is heavily reliant on personal vehicles, with access to major regional highways facilitating travel to nearby employment centers.
Development is focused on small-scale residential growth and the maintenance of existing agricultural infrastructure.
The Cumberland County Assessor's office manages property valuations based on periodic assessments and state-mandated equalization factors.
Parcels are subject to school district, county, and township taxes, with specific levies for local fire protection and library services.
Property insurance premiums are generally stable, though coverage for wind and storm damage remains a standard consideration for homeowners.
Net domestic migration in the region is relatively stable, with a slight trend toward rural living among remote workers.
Illinois is a judicial foreclosure state, requiring court intervention for the foreclosure process, which typically extends the timeline for completion.
Sellers are required to provide a comprehensive residential real property disclosure report detailing the condition of the home and any known defects.
Data retrieved from Census Reporter and ACS 2024 profiles.
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.
- Dam West Beach4.618 mi
- Golden Corral Buffet & Grill4.314.2 mi
- A1 Liquors Hwy 334.514.4 mi
- Lytle Park4.710.9 mi
- MY Garage Museum & Retail Store4.712.1 mi
- Mattoon Lanes LLC4.312.1 mi
- Two Story Outhouse4.59 mi
- Lincoln Log Cabin State Historic Site4.714.1 mi
- MY Garage Museum & Retail Store4.712.1 mi
- Historic Cumberland County Covered Bridge4.715.9 mi
- Two Story Outhouse4.59 mi
- Fogwind Vape Shop4.515.2 mi
- Mattoon Peterson Park4.611.8 mi
- Hidden Springs State Forest4.612.5 mi
- Lytle Park4.710.9 mi
- Lytle Pool4.510.9 mi
- Friendship Garden4.611.2 mi
- Lithia Springs Marina4.617.6 mi
- Findlay Marina4.518.7 mi
- Sullivan Marina & Campground4.716.3 mi
- Lake Mattoon, Marina & Campgrounds - City of Mattoon, Illinois4.51.9 mi
- Defense Depot4.811.3 mi
- Rural King4.412.3 mi
- Marshalls4.312.3 mi
- Cross County Mall3.712.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Popular destination for boating, fishing, and camping.
Central community space with playgrounds and picnic areas.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.