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Gorham 62940

ZIP codeThe kind of area this report covers. Neighborhood areas nest inside each other, from broad districts down to small pockets.Illinois
$181K
Median sale priceThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.
+121.2%
1-yr changeHow much prices and sales counts changed since the same time last year, using a 3-month average to smooth out noise. Above the dashed line means growth.
5
Sales (12 mo)How many homes sold here in the last 12 months. More sales make the other numbers more reliable.
$47K
Median valueThe middle estimated value of all homes here, not just the ones that recently sold.

Deed records through Oct 2022 · Quarterly intervals (lower sales volume)Counties take time to publish deeds, so the newest months can be incomplete and may shift as more records arrive.

Market Trends

Sale pricesThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.MedianSales
201620172019202020212022
Growth (year over year)How much prices and sales counts changed since the same time last year, using a 3-month average to smooth out noise. Above the dashed line means growth.PriceSales
201620172019202020212022
Price per square footThe middle price per square foot, for sales where the size is known. It adjusts for homes being different sizes.$/ft²
201620172019202020212022
Annual turnover (share of homes sold)The share of all homes here that sold in the trailing 12 months. Higher turnover means a more liquid market where homes trade hands more often.Turnover
201620172019202020212022
Buyer mixWho is buying. Cash means no mortgage was recorded, investor means the buyer looked like an investor, and flip means the home resold within a year.CashInvestorFlip resale
201620172019202020212022
Financing (share of purchase price)For buyers who borrowed: the middle share of the price they financed, and the middle share they paid up front.Loan (LTV)Down payment
201620172019202020212022
Sellers who sold at a gainThe share of sellers each month who sold for more than they originally paid.Sold at gain
201620172019202020212022
Typical hold before sellingThe middle number of years sellers owned their home before selling.Median hold
201620172019202020212022
Median annualized return at resaleThe middle yearly gain sellers earned, spread across the years they owned the home. Only counts homes held at least a year.Annualized gain
201620172019202020212022
Preforeclosure filingsForeclosure notices filed each month. A rise can be an early sign that more owners are struggling. Auction stage counts the filings that reached a scheduled foreclosure auction.FilingsAuction stage
OctJunSep

Housing Stock

HomesHow many homes we have records for in this area.193
Median value (AVM)The middle estimated value of all homes here, not just the ones that recently sold.$47K
Median sizeThe middle home size here, measured in square feet.1,081 ft²
Median bedroomsThe middle bedroom count for homes here.2
Median year builtThe middle build year for homes here. A recent year means most housing is newer.1940
Single familyThe share of homes here that are single-family houses.85%

Equity & Ownership

Equity rich (LTV ≤ 50%)The share of owners who owe half or less of what their home is worth, meaning they hold a lot of equity.84%
Underwater (LTV ≥ 125%)The share of owners who owe at least 25% more than their home is worth.1.0%
Owner occupiedThe share of homes lived in by their owner rather than rented out or left empty.75%
Company ownedThe share of homes owned by a company or trust instead of a person.14%
Median loan-to-valueThe middle share of home value still owed on loans across all owners here.0%
Typical ownership tenureHow long the typical owner here has held their home.12.8 yrs

CommunityThese are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.76
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.78
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.255

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.86%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.18%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.13%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.5%
PopulationHow many people live in this area.342
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.13 / mi²
Median household incomeThe middle household income here — half of households earn more, half earn less.$69K
Average household incomeThe average household income. It runs higher than the median when a few high earners pull it up.$91K
Average tempThe average temperature here across a full year.57°F
Annual precipHow much rain and melted snow falls here in a typical year.45 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.59%

Market metrics are derived from recorded arms-length deeds and refreshed nightly. Temperature blends price momentum, sales velocity, turnover and resale outcomes, ranked against all ZIP codes nationally.

How Gorham 62940 compares

By median home value, Gorham 62940 is the 15th most expensive of 16 ZIP codes in Jackson County, and its typical home is worth more than 9% of all homes in Jackson County.

Home values in Gorham 62940

Share of homes at each estimated value.

Median
$19K$597K
ZIP codes in Jackson County ranked by median home value
#Jackson CountyMedian valueHomes
1Carbondale 62902$188K1,591
2Carbondale 62903$186K717
3Makanda 62958$183K953
4Pomona 62975$145K155
5Ava 62907$141K984
6Carbondale 62901$124K5,491
7Campbell Hill 62916$123K365
8Rockwood 62280$120K120
9Murphysboro 62966$117K5,700
10Vergennes 62994$111K336
11De Soto 62924$107K1,174
12Jacob 62950$89K104
13Elkville 62932$86K676
14Dowell 62927$49K193
15Gorham 62940$47K193
16Grand Tower 62942$34K271

About the Gorham 62940 market

What is the median home price in Gorham 62940, IL?

The median sale price in Gorham 62940, IL is $180,833 (data through October 2022), based on deeds recorded with the county. That is up 121.2% from a year earlier.

How many homes sell in Gorham 62940, IL each year?

5 homes sold in Gorham 62940, IL over the last 12 months (data through October 2022). TopHap counts recorded arm's-length deeds, not listings, so the figure is not affected by which brokerage handled the sale.

How many homes are there in Gorham 62940, IL?

Gorham 62940, IL contains 193 residential properties, with a median of 1,081 square feet, 2 bedrooms, built around 1940. The median TopHap Estimate is $47K.

How does Gorham 62940, IL compare to the rest of Jackson County?

By median home value, Gorham 62940, IL is the 15th most expensive of 16 ZIP codes in Jackson County. Its typical home is worth more than 9% of all homes in Jackson County. Dowell 62927 ranks just above it and Grand Tower 62942 just below. The ranking is rebuilt nightly from the county assessor record of every home in each area.

Do people own or rent in Gorham 62940, IL?

75% of homes in Gorham 62940, IL are owner-occupied. 14% are held by a company rather than an individual.

How much equity do owners in Gorham 62940, IL hold?

84% of mortgaged homes in Gorham 62940, IL are equity-rich, meaning the loan balance is under half the home's value. 1.0% owe more than the home is worth.

Nearby markets

Browse addresses

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Explore Gorham 62940 on the map

See every recorded sale, price heat map, school zone and flood overlay across Gorham 62940 in TopHap’s interactive 3D map.

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