60404, Shorewood, IL

Shorewood is a suburban community located in Cook County, Illinois. The 60404 zip code covers the eastern portion of Shorewood and has a population of approximately 34,000. Home prices in the 60404 zip code have increased significantly over the past few years, reaching an all-time high of $269,900 in March 2017.

The primary drivers of home equity and home prices in the 60404 zip code are strong economic fundamentals and limited supply. The area has a strong job market with low unemployment rates and steady wage growth. Additionally, there is limited new development activity in the area which has kept demand high for homes that are available for sale.

Despite these positive factors, there are some potential risks to consider when purchasing a home in the 60404 zip code. These include rising interest rates and possible price corrections due to oversupply or weak economic conditions.