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1201 S Jefferson St, Salem, IL, 62881

--beds
--baths
--sqft
$20,000
--price/sqft
$291/moest. monthly cost
$11,640/yrincome needed

About This Home

For sale by owner. Electric, plumbing, and heating works. Roof needs replacement. New gutters. Ample sized lot.

Getting Around

39
WalkingCar-Dependent
0
TransitVery Limited Transit
33
BikeSomewhat Bikeable

Schools

7/10
Franklin Park Middle SchoolGrades PK,4-81.5 mi
4/10
6/10

Construction

Condition

  • Year built: 1941

Type & Style

  • Home type: SingleFamily

Interior

Heating

  • Heating features: Gas

Property

Details

  • Parcel number: 1100011875

Lot

  • Lot size: 6,098 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindVery High
  • Cold Wave
    Cold WaveRelatively High
  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Strong Wind
Cold Wave
Earthquake
Heat Wave
Inland Flooding
Tornado
Winter Weather
Hail
Lightning

FEMA Declared Disasters Across Illinois Counties

Flood
Other
Severe Storm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $101$1,212
Home Insurance *$23$276
Property Taxes $37$444
Electricity $130$1,569
Total$291$3,492
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$9,977/yr
40% on housing$8,730/yr
45% on housing$7,760/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -0.2%
-0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 62881$123
Marion County$96

vs Homes Sold Last Month

Median $/sqft

ZIP 62881$107
Marion County$74

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-03Listed for sale$20,000
2025-01-13Sold$17,500
2024-12-15Pending sale$25,000
2024-12-09Price change$25,000
2024-07-10Listed for sale$30,000

For Sale by Owner

AgentProperty Owner

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