60102, Algonquin, IL

The 60102 zip code of Algonquin, IL has a median home value of $101,000. This is lower than the Illinois median home value of $157,500. The 60102 zip code also has a lower than average home equity value of $40,000. This is likely due to the fact that the area has a high percentage of homeowners with mortgages and low percentages of homeowners with equity in their homes.

Despite these lower home values, there are still many homeowners in the 60102 zip code who are benefiting from rising home prices. Over the past year, the average home price in this area has increased by 5%. In addition, over the past five years, the average home price in this area has increased by 20%. This indicates that there is strong demand for homes in this area and that buyers are able to find good deals on homes.