60174, Saint Charles, IL

The home equity and home prices in the 60174 zip code of Saint Charles, IL are quite high. The median home value in this zip code is $269,000, which is significantly higher than the Illinois median home value of $157,500. Additionally, the percentage of homes in this zip code that are worth more than $300,000 is also high at 28%. This indicates that there are a lot of wealthy homeowners in this area.

One reason for the high home values and percentage of homes worth more than $300,000 may be because Saint Charles is a affluent suburb of Chicago. It has a population density of only 2 people per square mile, which is much lower than the Illinois average population density of 5 people per square mile. This low population density may make it easier for wealthy homeowners to find buyers for their homes and keep prices high.

Another reason for the high home values and percentage of homes worth more than $300,000 may be because Saint Charles has a relatively low unemployment rate (4%). This means that there are plenty of jobs available to potential buyers who want to purchase a home in this area. Additionally, Saint Charles has an excellent school system with many highly-rated schools. This may help attract affluent families who want to live in an educated community.