60941, Herscher, IL

The zip code of 60941 in Herscher, Illinois has a median home value of $137,000 and a median home equity value of $117,000. This is significantly higher than the Illinois statewide median home value of $116,500 and the national median home value of $177,600.

There are a number of factors that contribute to the high values in this zip code. First and foremost is the location - Herscher is located just outside of St. Louis city limits and is therefore an affluent suburb. Additionally, Herscher has seen strong growth over the past few years due to its proximity to both major metropolitan areas - St. Louis and Chicago. As a result, there are more homes available for sale than there are buyers willing to purchase them, driving up prices accordingly. Finally, Herscher residents have been very successful in investing their money into property - as evidenced by the high home equity values. This means that they are able to withstand economic downturns better than average and continue to enjoy significant wealth gains over time.