60033, Harvard, IL

The 60033 zip code of Harvard, Illinois has a population of about 21,000 people. The median household income in this zip code is about $87,000. Home prices in this zip code have increased by an average of 10% over the past year. This increase is likely due to the strong economy and low interest rates.

There are a number of factors that contribute to home prices increasing in a particular area. One factor is the availability of homes for sale. If there are more homes available for sale than there are buyers interested in purchasing them, then the price of those homes will go up. Another factor that contributes to home prices increasing is inflation. As inflation increases, people tend to spend more money on things like food and housing, which leads to an increase in the price of homes. Finally, interest rates play a role in how much money people are able to borrow to purchase a home. When interest rates are low, it becomes easier for people to borrow money and purchase a home. When interest rates rise, it becomes harder for people to borrow money and purchase a home.