60540, Naperville, IL

The Naperville zip code 60540 has a population of about 145,000 people and is located in DuPage County. The median home value in the Naperville zip code is $257,500 which is considerably higher than the Illinois median home value of $147,200. The percentage of homes in the Naperville zip code that are owner-occupied is approximately 78%, which is slightly higher than the Illinois average of 74%. Approximately 22% of homes in the Naperville zip code are occupied by renters.

The Naperville area has seen strong growth over the past few years and this has led to increased demand for housing and increased prices for homes. In fact, according to Zillow, the average price increase in Naperville from January 2017 to January 2018 was 12%. This strong growth can be attributed to a number of factors including an influx of new residents, an increase in job opportunities, and low interest rates.

Despite these positive trends, there are some risks associated with buying a home in Naperville. For example, although unemployment rates have been declining recently (4% as of December 2018), they remain above average compared to other areas across Illinois. Additionally, although prices have been increasing rapidly over the past few years, they may not continue doing so indefinitely. Finally, although mortgage rates have remained relatively low throughout most of 2018 (3%), they could rise at any time if economic conditions worsen.

Overall, despite some risks associated with buying a home in Naperville right now, it appears that there is strong demand for housing and rising prices overall. If you are interested in purchasing a home in this area or anywhere else within DuPage County – or even statewide – it would be best to consult with a qualified real estate agent who can help you assess your specific situation and make sure you are making an informed decision about purchasing a home