ZIP Code · IL

ZIP 62650

Part of Jacksonville, IL

Pop. 24,821·Morgan County·210th most expensive ZIP in Illinois

Median rent (all units)

$888/mo

Year-over-Year

Stable

Month-over-Month

-3.5%

vs US Median

-$1,044

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 62650 · $888

More affordable than 99% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$630

1 BR

$700

2 BR

$920

3 BR

$1,140

4 BR+

$1,540

Research median

$920/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: March 21, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($65,762) is $1,644 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,540).

From Zillow's monthly rent index (ZORI) for ZIP 62650. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$10,656/yr

At $888/mo median

Location

CityJacksonville

StateIL

CountyMorgan County

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (+0.0% YoY, -3.5% MoM), not inventory.

Demographics

Who lives here

ZIP 62650 (Jacksonville, IL) is majority owner-occupied, has a large retiree population, has a median income below the national average, 24.9% of residents hold a bachelor's degree or higher.

Population

24,821

Median income

$65,762

Median age

40.2

Renters

31.3%

Age distribution

17.7%

26.4%

22.3%

13.2%

20.3%

Under 1817.7%

18–3426.4%

35–5422.3%

55–6413.2%

65+20.3%

Gender

49.5%

50.5%

Male49.5%

Female50.5%

Race & ethnicity

85%

White85%

Black6.4%

Hispanic3.3%

Asian1%

Other4.2%

Education (25+)

36.5%

26.8%

24.9%

No HS diploma11.8%

HS diploma36.5%

Some college26.8%

Bachelor's+24.9%

Housing tenure

68.7%

31.3%

Owner68.7%

Renter31.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 62650 in Jacksonville, IL has changed in 5 years

Income

$54,108 → $65,762

up 21.5%

Population

24,964 → 24,821

down 0.6%

Renter share

34.7% → 31.3%

-3.4 pts

Bachelor's+

22.7% → 24.9%

+2.2 pts

On the earnings side, the typical household in ZIP 62650 in Jacksonville, IL now reports about $65,762, up from $54,108 in 2021. Renters now make up 31.3% of households, compared with 34.7% five years ago. College-educated residents now make up 24.9% of adults here, versus 22.7% in 2021.

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Local insights

Tips for renters in ZIP 62650

About renting in ZIP 62650

Last updated: March 21, 2026

ZIP code 62650 covers Jacksonville, IL. The median rent here is $888/mo as of March 2026. A 1-bedroom rents for a median of $700/mo. A 2-bedroom rents for a median of $920/mo.

At 16% of local median household income ($65,762/yr), ZIP 62650 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 62650?

To keep rent at or below 30% of gross income, you would need to earn at least $36,000/year (about $17/hour full-time) to afford the median rent of $888/mo in ZIP 62650. The local median household income is $65,762/yr, so the typical household meets that bar.