60422, Flossmoor, IL

The Flossmoor, IL 60422 zip code has a population of around 33,000 and is located in Cook County. The median home value in the 60422 zip code is $269,900 which is significantly higher than the Illinois median home value of $157,500. The average home equity loan-to-value ratio in the 60422 zip code is 97%, which indicates that homes in this area are generally well-valued. There are also a high number of homes with mortgages that have low interest rates, indicating that homeownership opportunities are plentiful in this area.

One reason why homes in the 60422 zip code are so valuable is because Flossmoor is a desirable location. The city has a lot to offer residents including excellent schools and plenty of amenities. Additionally, there are many affluent residents who live in the area which helps to drive up prices. Another factor that contributes to high home values in this area is the low unemployment rate and strong economy. This means that there is plenty of demand for housing and people can afford to buy more expensive homes than they would elsewhere.