60084, Wauconda, IL

The 60084 zip code of Wauconda, Illinois has a population of around 16,000 people. The median household income in this area is $68,000 which is about average for the surrounding area. The median home value in this zip code is $158,500 which is also about average for the surrounding area.

There are a number of factors that can affect home prices and home equity in an area such as population growth or decline, interest rates, and market conditions. However, one of the most important factors that affects home prices and home equity is the level of activity in the local housing market. In general, areas with more active housing markets have higher home values and higher levels of home equity.

The 60084 zip code has seen relatively low levels of activity over the past few years which has resulted in lower levels of home values and lower levels of home equity. Over the past three years (2015-2017), there has been an annualized rate of -0.8% growth in the local housing market which is significantly lower than the national average rate of 2.2%. This low level of activity has resulted in a decrease in overall housing inventory and consequently a decrease in available homes for sale. As a result, buyers have had to compete for fewer homes on the open market and have been able to negotiate higher prices for those homes that are available.

Despite these challenging conditions, there are still some homeowners who are experiencing positive gains from their investments in their homes. Homeowners who bought their homes within the past three years (2015-2017) are seeing an annualized rate of 5% growth on their investments which is much higher than the overall rate of growth (-0.8%) observed over this same period period