60477, Tinley Park, IL

The 60477 zip code of Tinley Park, IL has a population of over 100,000 and a median household income of over $100,000. The home equity and home prices in this zip code are both very high. As of March 2017, the median home value in this zip code was $269,500. This is significantly higher than the Illinois median home value of $183,600. Additionally, the percentage of homes in this zip code that are owner-occupied is much higher than the Illinois average. This indicates that there are a lot of people who have a lot of equity in their homes and are able to sell them for a high price.

One reason why the home equity and home prices in this zip code are so high is because Tinley Park is an affluent area. The percentage of households earning over $200,000 is above the Illinois average and there is a large concentration of wealthy residents. Additionally, Tinley Park has many luxury homes built in recent years which have increased demand for property here. These factors combined with low interest rates have led to high home values and stable prices overall.