60490, Bolingbrook, IL

The 60490 zip code of Bolingbrook, IL has a median home value of $269,900 and a median home equity value of $128,700. These values are higher than the Illinois median home value of $183,400 and the national median home equity value of $142,600. The reason for this discrepancy is likely due to the high concentration of affluent families in this zip code.

The average household income in the 60490 zip code is $101,000, which is higher than the Illinois average household income of $85,800 and the national average household income of $53,046. This high income level may be partially responsible for the high home values in this area. Additionally, many homes in this zip code are owned by investors or wealthy individuals who can afford to pay more for property than typical homeowners.

Despite these high home values, there is still significant demand for housing in the 60490 zip code. In fact, according to Zillow’s recent Home Value Index report (ZHVI), Bolingbrook ranks as one of the most affordable cities in Illinois with an overall ZHVI score of 97%. This means that homes in this city are generally worth less than what it would take to buy them outright but still offer a decent return on investment.

Overall, it appears that homeownership rates and home values are highest in wealthier areas while affordability remains relatively stable across all areas within a city or county. This trend may be changing as more people become interested in purchasing homes outside traditional hotspots like coastal cities or Silicon Valley but overall it appears that homeownership rates and prices will continue to rise relative to other forms of investment opportunities available to consumers