61111, Loves Park, IL

The 61111 zip code of Loves Park, Illinois has a median home value of $130,000 and a median home equity value of $101,000. These values are both above the national median home value and median home equity values. The percentage of homes in this zip code with a mortgage is lower than the national mortgage rate of 4.5%. This suggests that homeowners in this zip code are more likely to have access to affordable financing options than homeowners nationwide.

The average household income in the 61111 zip code is $60,000, which is below the national average household income but higher than the median household income for Illinois. This suggests that there may be some pockets of poverty within this zip code but that overall, households in this area are doing well financially. Additionally, the percentage of households in this area with children under 18 years old is below the national percentage but higher than the Illinois percentage. This suggests that there may be some families who are choosing to have fewer children or who are unable to afford additional children at this time.

Overall, it appears that homeownership rates and home values in the 61111 zip code are high relative to other areas within Illinois and nationwide. While there may be pockets of poverty within this area, it seems likely that most homeowners here have access to affordable financing options and adequate incomes.