Area data
Palmer, IL — ZIP 62556
Population: 370 (Census ACS)
The median home value in ZIP 62556 (Palmer, IL) is $130,011 — up 11.5% over the past year. Homes sell for a median $220,000 after a median 3 days on market. FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Low, with drought, coldwave, strongwind the top-rated hazards. Cost of living is 2.7% below the US average (BEA, metro/state-level).
$130,011
Median home value
+11.5%
1-year change
3
Median days on market
Relatively Low
Hazard risk (county)
Home values & appreciation
- Median home value
- $130,011
- 1-year appreciation
- +11.5%
- 3-year appreciation
- +12.0%
- 5-year appreciation
- +27.4%
- All-time peak (2026-04)
- $131,365
- House Price Index (state)
- 325.3 (+6.1% YoY)
Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)
Market activity
- Median sale price
- $220,000
- Median price per sqft
- $85
- Median days on market
- 3 days
- Homes sold (recent period)
- 1
- Sale-to-list ratio
- 100.0%
- 1-year forecast
- +2.6%
Source: recent area sales and market data (ZIP-level)
Affordability
- Cost of living index (Average)
- 97.3 (100 = US avg)
- Electricity rate (state-level)
- 17.7¢/kWh
- Natural gas rate (state-level)
- $11.30/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)
Natural hazards & flood risk
- Overall hazard risk (county)
- Relatively Low
- Top hazards (county)
- drought, coldWave, strongWind
- Notable hazard ratings (county)
- coldWave: Relatively Moderate · drought: Relatively High · earthquake: Relatively Low · hail: Relatively Low · heatWave: Relatively Low · iceStorm: Relatively Low
- Wildfire risk to homes (county)
- Higher than 5% of US counties
- Buildings in wildfire direct-exposure zone
- 20.7%
- Radon potential (county)
- Moderate radon potential — EPA Zone 2 of 3
- EPA Superfund (NPL) sites within 5 mi
- None
- Nearest Superfund site
- Central Illinois Public Service Co. (7.7 mi)
Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL
Climate (30-year normals)
- Average annual temperature
- 53.0°F
- Average high
- 63.0°F
- Average low
- 42.0°F
- Annual precipitation
- 45.9 in
- Annual snowfall
- 14.9 in
- USDA plant hardiness zone
- 6a (extreme annual low -10 to -5°F)
Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)
Amenities
- National parks within ~60 mi
- 2
- Nearest national park
- Lincoln Home National Historic Site (31 mi)
- National parks include
- Lincoln Home National Historic Site, Springfield 1908 Race Riot National Monument
- Airports within 30 mi
- 25
- Nearest airport
- Kleinik RLA Airport (4 mi)
- Nearest major airport
- Abraham Lincoln Capital Airport (SPI) (35 mi)
- Hospitals nearby (~15 mi)
- 1,090
- Hospitals include
- MIZELL MEMORIAL HOSPITAL, CRENSHAW COMMUNITY HOSPITAL, CRENSHAW COMMUNITY HOSPITAL
- Avg hospital rating (CMS)
- 3.1 / 5
- Best hospital rating nearby (CMS)
- 5.0 / 5
- Solar radiation rating
- Fair (4.1 kWh/m²/day)
Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)
Migration
- Net migration (county)
- +24 tax filers
Source: IRS county-to-county migration data (county-level, ~12-month lag)
Housing stock
- Median year housing built
- 1,938
- Housing built before 1970
- 66.1%
- Housing built 2000 or later
- 1.6%
- Median annual property tax
- $1,793
- Households with broadband internet
- 53.8%
Source: Census ACS 5-year estimates (ZIP-level)
Employment & development
- Total county employment
- 7,662
- Average weekly wage
- $937
- Top industries (by employment)
- Health Care, Accommodation & Food, Wholesale Trade
- Annual residential building permits (county)
- 63
Sources: BLS QCEW (county-level) · Census Building Permits (county-level)
How it compares
| ZIP 62556 | State median | US median | |
|---|---|---|---|
| Median home value | $130,011 | $195,432 | $289,727 |
| Median sale price | $220,000 | $212,000 | $325,000 |
| Median days on market | 3 days | 48 days | 51 days |
| Median annual property tax | $1,793 | $2,696 | $2,006 |
State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.
Area data compiled from public government, academic, and industry research feeds. Data sources →
Common questions
- What is the median home value in ZIP 62556?
- $130,011.
- What is the median sale price in ZIP 62556?
- $220,000.
- How long do homes take to sell in ZIP 62556?
- Median days on market: 3 days.
- What is the natural-hazard risk in ZIP 62556?
- Overall risk: Relatively Low (FEMA NRI, county-level). Top hazards: drought, coldWave, strongWind.
- What is the wildfire risk in ZIP 62556?
- Risk to homes is higher than 5% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
- What is the radon potential in ZIP 62556?
- Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
- Are there Superfund sites near ZIP 62556?
- No current or proposed National Priorities List sites within 5 miles (EPA).
- What is the cost of living in ZIP 62556?
- Regional Price Parity: 97.3 (100 = US average) (Average) (BEA RPP, metro/state-level).
Nearby ZIP codes
Selling a home in Palmer, IL?
REAIGENT7 gives every listing its own AI assistant grounded in this same public data — it answers buyer questions about the home and the area, around the clock, and sends every lead to the listing agent. Agents: it installs on your listing page, your website, or WordPress.
Data last updated
Most recent source refresh: Sep 2026. See all data sources →