61238, Cambridge, IL

The Cambridge, Illinois zip code 61238 has a population of approximately 21,000 people. The median household income in the zip code is $101,000 and the median home value is $269,500. The percentage of homes that are owner-occupied is 69% and the percentage of homes that are renter-occupied is 31%.

The Cambridge area has seen strong growth over the past few years. Between 2014 and 2016, the population of Cambridge increased by 4%. This growth has been driven largely by young professionals and families who are looking for suburban living without having to sacrifice quality of life. In addition to strong population growth, home values have also increased significantly in the Cambridge area over the past few years. Between January 2017 and January 2018 alone, home values increased by 5%.

There are a number of factors contributing to this increase in home values in the Cambridge area. One reason is that there is a high demand for housing in this area due to its proximity to major cities like Chicago and Milwaukee as well as its excellent schools. Additionally, many homeowners have taken advantage of low interest rates available on mortgages in recent years which has helped to increase their home equity values. While there may be some uncertainty related to future economic conditions, it seems likely that prices will continue to rise in the Cambridge area over time.