60010, Barrington, IL

The 60010 zip code of Barrington, Illinois has a median home value of $269,900 and a median home equity value of $137,000. These values are significantly higher than the statewide median home value of $183,700 and statewide median home equity value of $119,200. The 60010 zip code is also considerably wealthier than the state as a whole. The percent of households earning over $200,000 is 25% compared to 12% for Illinois as a whole.

One factor that may contribute to the high values in the 60010 zip code is its relatively small population size. There are only 5,814 households in this zip code compared to 11,912 households in the state as a whole. This may make it more difficult for potential buyers to find comparable properties and drive up prices. Additionally, Barrington is an affluent suburb of Chicago with many well-off residents who may be willing to pay higher prices for homes here.

Despite these factors, there are some indications that prices in the 60010 zip code are beginning to plateau or even decline slightly from their peak levels. For example, listings inventory has been increasing modestly over the past year or so which suggests that demand remains high despite lower prices overall. Additionally, recent surveys have shown that homeowners in this area remain confident in their ability to sell their homes at current prices and are not planning on selling anytime soon. This suggests that while prices may be rising slowly now they could potentially rebound quickly if market conditions change favorably