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Herrick 62431

ZIP codeThe kind of area this report covers. Neighborhood areas nest inside each other, from broad districts down to small pockets.Illinois
$238K
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.
6
Sales (12 mo)How many homes sold here in the last 12 months. More sales make the other numbers more reliable.
$118K
Median valueThe middle estimated value of all homes here, not just the ones that recently sold.

Deed records through Jun 2026Counties 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
AprJun
Price per square footThe middle price per square foot, for sales where the size is known. It adjusts for homes being different sizes.$/ft²
AprJun
Sale premium vs estimated valueHow sale prices compare with our estimated values at the time of sale. Above the dashed line, homes sold for more than the models expected — a sign of competitive bidding. Below it, buyers paid under model value.Premium
AprJun
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
AprJun
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
AprJun
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
AprJun

Housing Stock

HomesHow many homes we have records for in this area.546
Median value (AVM)The middle estimated value of all homes here, not just the ones that recently sold.$118K
Median sizeThe middle home size here, measured in square feet.1,276 ft²
Median bedroomsThe middle bedroom count for homes here.3
Median year builtThe middle build year for homes here. A recent year means most housing is newer.1976
Single familyThe share of homes here that are single-family houses.49%

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.68%
Underwater (LTV ≥ 125%)The share of owners who owe at least 25% more than their home is worth.4.0%
Owner occupiedThe share of homes lived in by their owner rather than rented out or left empty.69%
Company ownedThe share of homes owned by a company or trust instead of a person.5.7%
Median loan-to-valueThe middle share of home value still owed on loans across all owners here.26%
Typical ownership tenureHow long the typical owner here has held their home.126.6 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.111
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.80
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.103

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.89%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.21%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.12%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.6%
PopulationHow many people live in this area.1,095
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.15 / mi²
Median household incomeThe middle household income here — half of households earn more, half earn less.$80K
Average household incomeThe average household income. It runs higher than the median when a few high earners pull it up.$85K
Average tempThe average temperature here across a full year.54°F
Annual precipHow much rain and melted snow falls here in a typical year.40 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 Herrick 62431 compares

By median home value, Herrick 62431 is the 12th most expensive of 13 ZIP codes in Shelby County, and its typical home is worth more than 28% of all homes in Shelby County.

Home values in Herrick 62431

Share of homes at each estimated value.

Median
$36K$509K
ZIP codes in Shelby County ranked by median home value
#Shelby CountyMedian valueHomes
1Oconee 62553$246K246
2Lakewood 62438$227K195
3Sigel 62462$196K478
4Moweaqua 62550$186K1,217
5Strasburg 62465$168K422
6Shelbyville 62565$167K3,372
7Findlay 62534$163K620
8Mode 62444$162K212
9Windsor 61957$156K885
10Tower Hill 62571$151K685
11Stewardson 62463$138K581
12Herrick 62431$118K546
13Cowden 62422$117K498

About the Herrick 62431 market

What is the median home price in Herrick 62431, IL?

The median sale price in Herrick 62431, IL is $237,500 (data through June 2026), based on deeds recorded with the county.

How many homes sell in Herrick 62431, IL each year?

6 homes sold in Herrick 62431, IL over the last 12 months (data through June 2026). 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 Herrick 62431, IL?

Herrick 62431, IL contains 546 residential properties, with a median of 1,276 square feet, 3 bedrooms, built around 1976. The median TopHap Estimate is $118K.

How does Herrick 62431, IL compare to the rest of Shelby County?

By median home value, Herrick 62431, IL is the 12th most expensive of 13 ZIP codes in Shelby County. Its typical home is worth more than 28% of all homes in Shelby County. Stewardson 62463 ranks just above it and Cowden 62422 just below. The ranking is rebuilt nightly from the county assessor record of every home in each area.

Do people own or rent in Herrick 62431, IL?

69% of homes in Herrick 62431, IL are owner-occupied. 6% are held by a company rather than an individual.

How much equity do owners in Herrick 62431, IL hold?

68% of mortgaged homes in Herrick 62431, IL are equity-rich, meaning the loan balance is under half the home's value. 4.0% owe more than the home is worth.

Nearby markets

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Explore Herrick 62431 on the map

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