60431, Joliet, IL

The Joliet, Illinois zip code 60431 has a population of around 114,000 people. The median household income in this zip code is $60,000, and the median home value is $137,500. This means that the home equity in this zip code is relatively high compared to other areas of the country.

One reason that the home equity in this zip code is high is because there are a lot of homes that are worth a lot of money. In fact, according to Zillow, the average home value in this zip code has increased by 8% over the past year. Additionally, there are a lot of people who own their homes outright or have mortgages that are below market rates. Therefore, they have a lot of equity in their homes.

Another reason why the home equity in this zip code is high is because interest rates are low right now. The average interest rate on a mortgage in this area is 3%. This means that homeowners can borrow money against their homes and still get good rates on their loans.

Overall, it seems like the home equity in this zip code is very high and stable compared to other areas of the country. This makes it an attractive area for people who want to buy or sell homes