60436, Joliet, IL

The Joliet, Illinois 60436 zip code has a population of around 134,000 people and is located in the southern part of the state. The median home value in this zip code is $128,200 which makes it one of the more affordable areas in Illinois. In addition, there are a number of factors that contribute to the high home values in this area. These include low crime rates, a strong economy and an abundance of amenities and opportunities.

One important factor that affects home values is interest rates. When interest rates are high, it makes it more difficult for people to afford homes and purchase property. Over time, this can lead to a decrease in home values as buyers become less interested in purchasing property. Conversely, when interest rates are low, it can lead to an increase in home values as potential buyers become more interested in purchasing property.

Another important factor that affects home prices is supply and demand. When there is an abundance of homes available for sale (supply), prices will be lower than when there are few homes available for sale (demand). Conversely, when there is a shortage of homes available for sale (supply), prices will be higher than when there are many homes available for sale (demand).