61036, Galena, IL

The 61036 zip code of Galena, IL has a median home value of $101,000 and a median home equity value of $146,000. These values are higher than the Illinois median home value of $79,500 and the national median home equity value of $104,200. The 61036 zip code also has a higher than average percentage of homeowners with a mortgage at 73%. This is higher than the Illinois mortgage rate of 66% and the national mortgage rate of 63%.

There are several factors that may contribute to these high home values in the 61036 zip code. First, Galena is located in an affluent area with a high population density. This may lead to increased demand for homes and increased prices. Second, Galena has low unemployment rates which may lead to more people able to afford homes. Finally, Galena has a strong economy with stable employment opportunities. These factors may all contribute to increased demand for homes and consequently increased prices.