60803, Alsip, IL

The 60803 zip code of Alsip, IL has a median home value of $169,000 and a median home equity value of $123,000. The average home in the 60803 zip code was built in 1978 and is approximately 2,500 square feet. Approximately 39% of homes in the 60803 zip code are owner-occupied while 61% are occupied by renters.

There has been a significant increase in the median home values and home equity values over the past five years. In 2012, the median home value was $145,000 and the median home equity value was $106,000. Over the past three years (2013-2015), there has been an increase of 8% in both values. This indicates that there is strong demand for homes in this area and that people are investing their money wisely.

One factor that may be contributing to this trend is that Alsip is located within commuting distance of many major metropolitan areas such as Chicago and Naperville. This means that there is a high demand for homes within these areas which may drive up prices. Additionally, Alsip has seen an influx of new residents over the past few years which may also contribute to increased prices.