60173, Schaumburg, IL

The 60173 zip code of Schaumburg, Illinois is located in Cook County and has a population of around 102,000. Home prices in the 60173 zip code have increased significantly over the past few years, with median home prices reaching $269,000 as of September 2017. This increase in home prices has been largely due to strong demand from buyers and limited supply of homes available for sale.

Home equity is an important asset for many homeowners. Home equity can be used to pay off debts or invest in other assets. The value of a home's equity can also be used to calculate a homeowner's mortgage payment. The increase in home prices in the 60173 zip code may have caused some homeowners to experience significant increases in their home equity values. However, not all homeowners are experiencing these increases; there are also many homeowners who are seeing their home equity values decline slightly or remain unchanged since the market crash of 2008.

The strong demand for homes in the 60173 zip code has led to elevated prices and limited availability for homes on the market. This situation is likely to continue until more homes become available for sale or until buyers' incomes rise sufficiently so that they are able to afford more expensive homes without taking on additional debt.