60901, Kankakee, IL

The home equity and home prices in the 60901 zip code of Kankakee, IL are very high. The median home value in this zip code is $269,000, which is more than triple the national median home value of $123,500. Additionally, the percentage of homes in this zip code that are worth more than $300,000 is significantly higher than the national average of just over 20%. This indicates that there are a lot of wealthy residents in this area.

One reason for the high home values in this zip code may be its proximity to major metropolitan areas such as Chicago and St. Louis. These cities have a large number of affluent residents who may want to live close to where they work and spend their leisure time. Additionally, Kankakee is located within easy driving distance of many other desirable suburban communities such as Bourbonnais and Joliet. These areas also tend to have high home values due to their proximity to major cities and top-notch schools.

Despite the high prices, there are still a number of homes available for sale in the 60901 zip code. This suggests that although demand is high, there is still room for buyers who can afford to purchase a house in this area.