ZIP Code Market Report
62401 — Effingham, IL
Data through February 2026 · Updated monthly
Avg Home Value
$226,306
▲ 4.2% year-over-year
Month-over-Month
-1.3%
▼ 1.3%
Single Family
$225,480
Condo / Co-op
--
The average home value in the 62401 ZIP code (Effingham, Illinois) is $226,306 as of February 2026. Home prices are rising, up 4.2% compared to last year.
A 3-bedroom home in 62401 is valued at $223,330. 1-bedroom units start around $214,675.
The market in 62401 has a $265,798 spread between bottom-tier homes at $133,330 and top-tier homes at $399,128. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 62401 ZIP code will increase 0.6% over the next 12 months, bringing the projected average to approximately $227,664. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Effingham County market area in Illinois. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Effingham County report.
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Market Snapshot
62401 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $231,024 | $229,206 | $226,306 | ▼ 2.0% |
| Single Family Value | $224,704 | $225,317 | $225,480 | ▲ 0.3% |
Home Values
62401 Home Value Trend
Historical home values for ZIP code 62401. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 62401
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 1 Bedroom | $214,675 |
| 2 Bedrooms | $139,479 |
| 3 Bedrooms | $223,330 |
| 4 Bedrooms | $308,051 |
Property Types
Home Values by Property Type in 62401
How different property types compare in this ZIP code.
All Homes
$226,306
Single Family
$225,480
Bottom Tier
$133,330
Top Tier
$399,128
Forecast
12-Month Home Value Forecast for 62401
Zillow projects home values in 62401 will increase 0.6% over the next year, reaching approximately $227,664.
Current Value
$226,306
Projected Change
+0.6%
▲ 0.6%
Projected Value
$227,664
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 62401 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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