60954, Momence, IL

The Momence, IL 60954 zip code has a median home value of $128,000. The Momence area has seen a steady increase in home values over the past few years. In fact, according to Zillow, the Momence zip code had the ninth-highest increase in home values from January 2016 to January 2017.

One reason for this trend is that Momence is located in an affluent area of Illinois. According to Forbes, the Momence zip code has a median household income of $101,000 and a poverty rate of just 2%. Additionally, there are plenty of jobs and businesses in and around Momence. This makes it an attractive place to live and invest in property.

Another factor contributing to the high home values in the Momence area is low interest rates. Right now, interest rates are very low compared to historical norms, which means that homeowners can get a higher return on their investment by buying a house rather than renting one. This encourages more people to invest in homes and drive up prices overall.

Overall, it appears that home values are continuing to rise in the Momence area due to several factors: high incomes and low interest rates combined with an affluent location. If you're looking for a place to buy or sell your home, be sure to contact our team at The Law Office Of Shane Muehlbauer for help!