60505, Aurora, IL

The 60505 zip code of Aurora, IL has a population of around 197,000 people and a median home value of $269,000. The average home equity in this zip code is around $112,000. This means that the majority of homes in this zip code are owned by individuals or families who have a significant amount of equity in their homes.

There are a number of factors that contribute to the high home equity values in the 60505 zip code of Aurora. First and foremost, this area is highly populated and has a high demand for housing. Additionally, many homeowners in this area have taken advantage of low interest rates over the past few years to increase their equity holdings. Finally, the market conditions in Aurora are very favorable right now – there is low unemployment and steady growth across most sectors of the economy. These factors all contribute to making homeownership an attractive option for residents in the 60505 zip code.