60917, Buckingham, IL

Buckingham, Illinois is located in Cook County and has a population of approximately 10,000. The median household income in Buckingham is $92,500 and the median home value is $269,900. In Buckingham there are approximately 1,000 homes that are worth over $500,000.

The average home equity in Buckingham is $116,600. This means that homeowners have equity in their homes that totals $116,600. Homeowners who have equity in their homes can use this money to pay down debt or to save for a down payment on a new home. Additionally, homeowners who have equity in their homes can use the money to pay off mortgages or rent payments.

There are several factors that affect the home prices in Buckingham. The most important factor is the demand for housing stock. If there is high demand for housing stock then prices will rise because there are more people who want to buy a house than there are houses available for sale. Another factor that affects the price of homes is interest rates. If interest rates rise then it becomes more expensive for people to borrow money to buy a house and this will cause the price of houses to fall because people will not be able to afford as much house as they would have been able to if interest rates were lower. Finally, supply and demand also affects the price of houses because if there are more houses available for sale than people want then the price of those houses will fall while if there are fewer houses available for sale than people want then the price of those houses will rise