62010 — Madison County, Illinois Market Snapshot
Housing market data for zip code 62010 in Madison County, Illinois. Updated monthly with median prices, days on market, and more.
Market Sales Data
37 sales in 2026 (year to date)
Median Sale Price
$191,000
Days to Sell
33
Homes Sold
37
Inventory
32
Sale-to-List
98.0%
New Listings
50
Price/SqFt
$140
Pending Sales
N/A
Conforming Loan Available
Most homebuyers in 62010 can comfortably use conventional financing. The median home price of $191,000 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
62010's market is balanced with homes taking an average of 33 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 62010 sells for 2.0% below asking price (98.0% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 62010 can comfortably use conventional financing. The median home price of $191,000 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 62010 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 62010
To purchase the median home at $191,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,613.
Monthly Payment
$1,613
Income Required
$69,145
Principal & Interest
$1,177/mo
Down Payment (5%)
$9,550
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 62010.
Estimated Monthly Payment
$1,332
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