62418, Brownstown, IL

Home Equity and Home Prices in the 62418 Zip Code of Brownstown, IL

The home equity and home prices in the 62418 zip code of Brownstown, IL are very high. The median home value in this zip code is $236,000, which is more than double the national median home value of $106,500. The average home value in this zip code is also higher than the statewide average of $176,600. This indicates that there are a lot of homes in this zip code that are worth a lot of money.

One reason why the homes in this zip code are so valuable is because they are located near major cities like Chicago and Springfield. These cities have a lot of people and businesses, which means that there is a lot of demand for housing close to these areas. Additionally, many people who live in this zip code commute to work in one of these cities. This means that there is a high demand for housing here as well.

Another reason why the homes in this zip code are so valuable is because they are located on large lots. Many people want to buy homes close to nature because it can be relaxing and enjoyable living outside of city limits. In addition, large lots mean that there is plenty of room for expansion or additions if someone wants to buy another house or build an extra bedroom onto their existing home later on down the road. This makes it more likely that someone will be able to sell their home for a high price if they decide they want to move or sell sometime down the road.