ZIP Code 62294
standardSource:
Troy · Madison County · Illinois
- Population
- 14,367
- Median income
- $120,466
- Median home value
- $276,300
- Bachelor's or higher
- 47.1%
- Land area
- 79.8 sq mi
180/sq mi
▲ 58% vs US
higher than 91% of US ZIPs
▼ 1% vs US
higher than 63% of US ZIPs
Median age 36.4
Chicago
ZIP code 62294 in Troy, Illinois has a population of 14,367. The median household income is $120,466, which is 58% above the national average. Median home value is $276,300, 1% below the US average. 47.1% of residents hold a bachelor's degree or higher.
ZIP code 62294 is classified by USPS as a standard delivery area and covers roughly 79.8 square miles in Troy, Madison County, Illinois. The area is home to 14,367 residents, producing a population density of 180 people per square mile, and falls within the Chicago time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 62294 against Illinois and the nation.
On the economic side, the median household income for ZIP 62294 sits at $120,466 (50% above the Illinois average), while per-capita income is $50,476. The poverty rate stands at 1.7% and the unemployment rate at 3.2%. On housing, the median home value is $276,300 (44% above the state average) with median rent at $1,125 per month, and 79.1% of occupied units are owner-occupied, a direct signal of whether 62294 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 47.1% of adults hold a bachelor's degree or higher, the median age is 36.4, and the average commute is 26 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Madison County, so you can benchmark 62294 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 62294
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 62294.
- Construction
Construction
42 establishments
- Retail trade
Retail trade
34 establishments
- Other services (except public administration)
Other services (except public administration)
32 establishments
- Accommodation and food services
Accommodation and food services
29 establishments
- Health care and social assistance
Health care and social assistance
26 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 62294, Troy, IL · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.
Quick Facts
14,367
Population
79.8
Area (sq mi)
180
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 62294?
36.4
Median Age
48.3%
Male
51.7%
Female
1.6%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$120,466
Median Household Income
+50% vs state
$50,476
Per Capita Income
1.7%
Poverty Rate
3.2%
Unemployment Rate
25.7 min
Mean Commute Time
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
6,157
Total Housing Units
5,658
Occupied Units
499
Vacant Units
2.71
Avg Household Size
Occupancy Type
$276,300
Median Home Value
+44% vs state
$1,125
Median Rent
1992
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+4.6%
YoY Change (2024)
215
HPI Index (2000 = 100)
+115%
Total Change Since 2000
Home values in ZIP 62294 have increased 4.6% over the past year (2024). Since 2000, this ZIP has seen +115% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +3.2% | 150 |
| 2021 | +8.2% | 162 |
| 2022 | +11.8% | 182 |
| 2023 | +13.3% | 206 |
| 2024 | +4.6% | 215 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 256 business establishments in ZIP 62294, employing approximately 2,906 people with a combined annual payroll of $128,060,000.
256
Businesses
2,906
Employees
$128.1M
Annual Payroll
14
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Construction | 42 | 16.4% |
| Retail trade | 34 | 13.3% |
| Other services (except public administration) | 32 | 12.5% |
| Accommodation and food services | 29 | 11.3% |
| Health care and social assistance | 26 | 10.2% |
| Finance and insurance | 18 | 7.0% |
| Administrative and support and waste management and remediation services | 17 | 6.6% |
| Wholesale trade | 12 | 4.7% |
| Real estate and rental and leasing | 11 | 4.3% |
| Professional, scientific, and technical services | 11 | 4.3% |
| Manufacturing | 8 | 3.1% |
| Arts, entertainment, and recreation | 6 | 2.3% |
| Transportation and warehousing | 5 | 1.9% |
| Information | 3 | 1.2% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 62294 vs 62281 →
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 62281 | Saint Jacob, IL | 2,155 | 4.8 mi |
| 62062 | Maryville, IL | 7,658 | 5.2 mi |
| 62234 | Collinsville, IL | 33,430 | 6.1 mi |
| 62269 | O Fallon, IL | 31,348 | 7.3 mi |
| 62254 | Lebanon, IL | 6,089 | 7.1 mi |
| 62034 | Glen Carbon, IL | 13,819 | 6.5 mi |
| 62061 | Marine, IL | 1,718 | 7.8 mi |
| 62025 | Edwardsville, IL | 33,748 | 9.4 mi |
| 62232 | Caseyville, IL | 7,260 | 8.6 mi |
| 62289 | Summerfield, IL | 350 | 9.8 mi |
More ZIP Codes in Madison County
Related Areas
Frequently Asked Questions
What county is ZIP code 62294 in? ▼
What is the population of ZIP code 62294? ▼
What is the median household income in ZIP 62294? ▼
What is the average home value in ZIP 62294? ▼
What is the demographic makeup of ZIP 62294? ▼
How many businesses are in ZIP code 62294? ▼
What are the main industries in ZIP code 62294? ▼
How have home values changed in ZIP code 62294? ▼
What is the education level in ZIP code 62294? ▼
What is the average commute time in ZIP 62294? ▼
What percentage of residents own vs. rent in ZIP 62294? ▼
What is the poverty rate in ZIP code 62294? ▼
ZIP Code Research Guides
Official Data Resources for Troy, IL
Verify and explore additional data for this area using these official government sources.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023). Business data: Source: Census ZIP Code Business Patterns (ZBP) 2023. Home value trends: Source: FHFA House Price Index (HPI), Five-Digit ZIP Codes.
PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.
Read our methodology , how this data is sourced, computed, and verified.