What is the median home value in ZIP 62294 in Madison County, IL?

The median home value in ZIP 62294 in Madison County, IL is $320,683, according to the latest Census ACS 5-Year Estimates.

What is the rent-to-income ratio in ZIP 62294?

The rent-to-income ratio in ZIP 62294 is 19.4%, based on HUD Fair Market Rent divided by Census median household income. This is within the affordable range (under 30% of household income).

St. Louis, MO-IL · Illinois

Madison County

ZIP 62294

264,631 residents482 permits TTM$74,800 median HHI28 ZIP codesUpdated April 16, 2026

Investor first look

Median home value

$167,900

ACS 5-Year

Cap rate proxy

8.7%

FMR × 0.65 ÷ Home Value

Rent-to-income

15.5%

HUD FMR ÷ ACS HHI

Net migration

+1.34%

IRS SOI

Permits (TTM)

482

Census BPS

Climate risk

93.4

FEMA NRI (0–100)

ZIP 62294

Median home value

$320,683

Gross yield

4.4%

Cap rate

4.5%

Rent gap

-2.2%

Affordability

P/I: 4.3R/I: 19.4%

Section 8 detail

SAFMR: $1,180Rent: $969Gap: 21.8%

ZIP code breakdown28 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
62060	$50,723	$1,080	25.6%	22.9%	10.3%
62018	$102,092	$1,160	13.6%	11.4%	16.5%
62048	$73,589	$1,070	17.4%	15.8%	9.4%
62084	$102,397	$1,060	12.4%	11.4%	8.6%
62026	$167,900county est.	$1,340	9.6%	6.9%	27.7%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$92,117	$990	12.9%	12.6%	2.1%
$114,689	$1,160	12.1%	11.8%	2.6%
$115,001	$1,040	10.9%	11.5%	-6.3%
$122,850	$1,040	10.2%	10.1%	0.7%
$124,919	$990	9.5%	9.3%	2.1%
$187,899	$1,120	7.2%	7.5%	-5.5%
$167,900county est.	$990	7.1%	6.9%	2.1%
$167,900county est.	$1,000	7.1%	6.9%	3.1%
$167,900county est.	$990	7.1%	6.9%	2.1%
$167,900county est.	$1,090	7.8%	6.9%	11.1%
$167,900county est.	$1,050	7.5%	6.9%	7.7%
$196,309	$1,020	6.2%	5.9%	5.0%
$209,554	$1,280	7.3%	5.5%	24.3%
$322,625	$1,340	5.0%	5.4%	-7.5%
$229,797	$1,160	6.1%	5.1%	16.5%
$250,637	$1,050	5.0%	4.6%	7.7%
$320,683	$1,180	4.4%	4.5%	-2.2%
$261,830	$990	4.5%	4.4%	2.1%
$325,198	$1,240	4.6%	4.4%	3.2%
$273,257	$990	4.3%	4.3%	2.1%
$297,689	$1,110	4.5%	3.9%	12.7%
$323,289	$1,090	4.0%	3.6%	11.1%
$348,108	$1,540	5.3%	3.3%	37.1%

Demographics

Owner-occupied

73.6%

Census ACS

Vacancy rate

8.0%

Census ACS

Bachelor's degree +

30.8%

Census ACS

Rent burdened

43.2%

Census ACS (>30% income)

Median age

40.2

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 16, 2026

Madison County

See all 28 ZIPs ranked by yield and cap rate