60948, Loda, IL

The 60948 zip code of Loda, IL has a median home value of $130,000 and a median home equity value of $101,000. This means that the majority of homes in this zip code are worth more than their original purchase price, but there are also a significant number of homes that are worth less than their original purchase price.

In terms of home prices over time, the 60948 zip code has seen an overall increase in home values since 2000. In 2000, the median home value was $92,000 and by 2016 the median home value had increased to $130,000. This trend is likely due to both population growth within the area as well as increasing demand for property due to strong economic conditions.

While there is evidence to suggest that the average homeowner in this zip code is doing well financially, there is also evidence to suggest that not everyone in this area is experiencing positive housing market trends. Specifically, there has been a significant increase in foreclosure activity within this area over the past few years which may be contributing to lower home values for some homeowners.