60827, Riverdale, IL

The 60827 zip code of Riverdale, Illinois has a median home value of $135,000 and a median home equity value of $101,000. The average home price in the 60827 zip code has increased by 9.5% over the past year. The average home equity value in this zip code is more than double the national average. This indicates that there is strong demand for homes in this area and that homeowners are doing well financially.

One reason for this strong demand may be the many amenities and benefits that Riverdale offers its residents. This community is located just minutes from downtown Chicago and features a variety of shopping, dining, and entertainment options. Additionally, Riverdale is close to major highways and has excellent public transportation options. This makes it easy for residents to get around town and access all the resources they need without having to drive their own car.

Another factor contributing to the high demand for homes in the 60827 zip code may be its low unemployment rate. In March 2018, the unemployment rate in this area was 3%. This compares favorably with other areas of Illinois, where the unemployment rate ranges from 4% to 6%. This indicates that there are plenty of jobs available in Riverdale and that potential homeowners are confident about their ability to find a good job once they move here.

Overall, it appears that homeowners in the 60827 zip code are doing well financially thanks to strong demand for homes and rising prices. If you're interested in buying or selling a home in this area, be sure to contact an experienced real estate agent who can help you navigate these complex market conditions