60201, Evanston, IL

Home Equity and Home Prices in the 60201 Zip Code of Evanston, IL

The 60201 zip code of Evanston, Illinois has a median home value of $328,500. This is higher than the Illinois median home value of $217,500. The 60201 zip code also has a median home equity value of $236,000. This is higher than the Illinois median home equity value of $157,000.

There are a number of factors that may contribute to these high home values in the 60201 zip code of Evanston. Some potential reasons include:

-The presence of prestigious universities such as Northwestern University and Chicago State University within the area - which may lead to increased demand for housing;

-Low unemployment rates (4.8% as of May 2017) which may lead to increased demand for property;

-High levels of household income - which may allow residents to purchase larger homes with more equity; and

-A relatively low amount of foreclosures and short sales within the area - indicating that there is stability in the market overall.