62278 — Monroe County, Illinois Market Snapshot
Housing market data for zip code 62278 in Monroe County, Illinois. Updated monthly with median prices, days on market, and more.
Market Sales Data
12 sales in 2026 (year to date)
Median Sale Price
$222,500
Days to Sell
35
Homes Sold
12
Inventory
12
Sale-to-List
99.7%
New Listings
22
Price/SqFt
$147
Pending Sales
N/A
Conforming Loan Available
Most homebuyers in 62278 can comfortably use conventional financing. The median home price of $222,500 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
62278's market is balanced with homes taking an average of 35 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 62278 (99.7% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 62278 can comfortably use conventional financing. The median home price of $222,500 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 62278 are set at the county level.
2026 Loan Limits — Monroe 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 62278
To purchase the median home at $222,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,855.
Monthly Payment
$1,855
Income Required
$79,488
Principal & Interest
$1,371/mo
Down Payment (5%)
$11,125
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 62278.
Estimated Monthly Payment
$1,527
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