62881
Salem, Illinois.
Salem, Marion County, IL · Centralia, IL metro · population 11,078
to buy the typical home at today's mortgage rate — +$425 (+123%) since Jan 2020.
- 1 year
- Up $7,794 +6%
- $138,620$146,414 since Sep 2025
- 5 years
- Up $33,253 +29%
- $113,161$146,414 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 62881$768
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 13 years.
Typical home values in zip 62881 rose 5.6% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Salem, IL — measured over the city limits, which is a different area from this zip.
Typical home value — 62881
Mid-tier homes, smoothed and seasonally adjusted.
- 62881$146,414
- Centralia$124,586
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 6.6 | 62870 | Odin | 2,281 | — | $125,439 |
| 7.8 | 62807 | Alma | 767 | — | $136,640 |
| 8.2 | 62853 | Kell | 969 | — | $162,510 |
| 9.1 | 62849 | Iuka | 1,887 | — | $181,100 |
| 10.3 | 62882 | Sandoval | 2,057 | — | $103,936 |
| 10.9 | 62854 | Kinmundy | 1,827 | — | $147,702 |
| 12.8 | 62893 | Walnut Hill | 926 | — | $190,766 |
| 13.5 | 62875 | Patoka | 1,039 | — | $138,306 |
| 14.3 | 62801 | Centralia | 19,827 | — | $106,219 |
| 15.4 | 62899 | Xenia | 2,022 | — | $133,350 |
| 16.2 | 62880 | Saint Peter | 658 | — | $167,916 |
| 17.3 | 62885 | Shobonier | 474 | — | $179,659 |
| 18.8 | 62838 | Farina | 1,341 | — | $135,680 |
| 19.3 | 62250 | Hoffman | 607 | — | $142,470 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.