62538, Harvel, IL

The 62538 zip code of Harvel, Illinois has a population of approximately 1,500 people. The median household income in this zip code is $60,000 and the median home value is $135,000. The home equity and home prices in this zip code are both relatively high compared to other areas of the country.

One reason for the high home equity and home prices in this zip code is that there are a lot of affluent residents living in this area. Many wealthy individuals choose to live in Harvel because it is close to major metropolitan areas like Chicago and Springfield, Illinois. Additionally, Harvel has a strong economy which has helped to support the housing market values.

Another factor contributing to the high home equity and home prices in the 62538 zip code of Harvel, Illinois is the low unemployment rate. This area has a very low unemployment rate which helps to drive up demand for homes and property values. In addition, there are not many competing housing markets within commuting distance of Harvel which also contributes to high housing values here.