60473, South Holland, IL

The 60473 zip code of South Holland, Illinois is located in Cook County and has a population of approximately 107,000. The median household income in the 60473 zip code is $92,000 and the median family income is $113,000. Home prices in the 60473 zip code have increased significantly over the past few years and are now among the highest in Illinois.

There are a number of factors that have contributed to the increase in home prices in the 60473 zip code. One reason is that there has been an increasing demand for housing due to an influx of families moving into South Holland from other parts of Illinois and other states across the country. Additionally, South Holland has experienced strong economic growth over the past few years which has led to an increase in jobs and wages. Finally, there has been a surge in interest rates over the past few years which has made buying a home more expensive.

Despite these positive factors, there are some challenges facing home buyers in the 60473 zip code. One issue is that there are not enough homes available for sale within this area. This shortage has caused prices to rise faster than average because buyers can only afford to purchase homes if they are willing to pay above market rates. Additionally, many homeowners who have owned their homes for several years may find it difficult to sell them at current prices due to high levels of competition from buyers who want to buy into this hot market.