62401 — Shelby County, Illinois Market Snapshot
Housing market data for zip code 62401 in Shelby 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 Shelby County county page for broader data.
Market Sales Data
4 sales in 2026 (year to date)
Median Sale Price
$178,250
Days to Sell
32
Homes Sold
4
Inventory
1
Conforming Loan Available
Most homebuyers in 62401 can comfortably use conventional financing. The median home price of $178,250 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
62401's market is balanced with homes taking an average of 32 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Conforming Loan Feasibility
Most homebuyers in 62401 can comfortably use conventional financing. The median home price of $178,250 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 62401 are set at the county level.
2026 Loan Limits — Shelby 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 62401
To purchase the median home at $178,250 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,516.
Monthly Payment
$1,516
Income Required
$64,958
Principal & Interest
$1,098/mo
Down Payment (5%)
$8,913
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 62401.
Estimated Monthly Payment
$1,253
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 62401. Tell us what you're looking for.