60022, Glencoe, IL

The 60022 zip code of Glencoe, Illinois has a median home value of $248,000 and a median home equity value of $137,000. These numbers are significantly higher than the Illinois median home value of $146,500 and the Illinois median home equity value of $111,700. The 60022 zip code is also significantly higher than the national median home value of $181,200 and the national median home equity value of $106,100.

One possible explanation for these high values in the 60022 zip code is that Glencoe is a wealthy suburb located in north suburban Chicago. In addition to having a high median home value, Glencoe also has a high percentage of owner-occupied homes (81%) and a low percentage of renter-occupied homes (19%). These factors may contribute to the high values in this zip code.

Another possible explanation for these high values in the 60022 zip code is that Glencoe is an expensive area to live in. The cost of living index for Glencoe was 106 out of 100 as measured by Numbeo in 2018. This means that Glencoe is more expensive than average compared to other areas in Illinois and more expensive than average compared to other areas around the United States.