62275 — Madison County, Illinois Market Snapshot
Housing market data for zip code 62275 in Madison County, Illinois. Updated monthly with median prices, days on market, and more.
Limited Sales Data
Only 4 homes sold in this ZIP code during the selected period. Statistics may not be representative. See the Madison County county page for broader data.
Market Sales Data
4 sales in 2026 (year to date)
Median Sale Price
$306,770
Days to Sell
39
Homes Sold
4
Inventory
3
Conforming Loan Available
Most homebuyers in 62275 can comfortably use conventional financing. The median home price of $306,770 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
62275's market is balanced with homes taking an average of 39 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Conforming Loan Feasibility
Most homebuyers in 62275 can comfortably use conventional financing. The median home price of $306,770 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 62275 are set at the county level.
2026 Loan Limits — Madison County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 62275
To purchase the median home at $306,770 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,500.
Monthly Payment
$2,500
Income Required
$107,159
Principal & Interest
$1,890/mo
Down Payment (5%)
$15,339
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 62275.
Estimated Monthly Payment
$2,049
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