60093, Winnetka, IL

The 60093 zip code of Winnetka, Illinois has a median home value of $1,099,000 and a median home equity value of $837,500. This is significantly higher than the Illinois statewide median home value of $183,700 and the national median home equity value of $213,400. The 60093 zip code also has a significantly higher percentage of homes with a mortgage than the statewide or national percentages: 66% vs. 50% and 63%, respectively.

One reason for this high level of homeownership in the 60093 zip code may be its relatively low population density: only 1,812 people per square mile vs. 2,695 people per square mile for Illinois as a whole and 2,984 people per square mile for the United States as a whole. This low population density may make it more affordable to buy a home than in more densely populated areas.

Another factor that may contribute to the high level of homeownership in the 60093 zip code is its relatively high income level: according to data from Zillow®, the average household income in this area is $191,700. This high level of income may make it easier for families to afford homes and pay off their mortgages than in areas with lower incomes.