61044, Kent, IL

The 61044 zip code of Kent, IL has a median home value of $127,000. This is higher than the Illinois median home value of $101,500. The 61044 zip code also has a lower than average percentage of homeowners with negative equity (less than 20% of homes have less than 20% equity) at just 7%. This is lower than the Illinois percentage of homeowners with negative equity at 11%.

There are several factors that may contribute to this high home value and low percentage of homeowners with negative equity in the 61044 zip code. One reason may be that Kent is a desirable community with many amenities and good schools. Additionally, Kent is located in an area where jobs are plentiful and prices are relatively stable compared to other parts of Illinois.

Despite these positive factors, there are some challenges facing homeowners in the 61044 zip code. One issue is that Kent has seen a rise in housing prices over the past few years which may make it difficult for some people to afford a home. Additionally, there has been an increase in interest rates which could make it more difficult for people to refinance their homes or take out new loans.

Overall, despite some challenges faced by homeowners in the 61044 zip code, the high median home value and low percentage of homeowners with negative equity indicate that this area is doing well economically.