61244, East Moline, IL

East Moline, Illinois is a city located in the southern suburbs of Chicago. The 61244 zip code covers a total area of just over 10 square miles and has a population of around 100,000 people. Home prices in East Moline have been on the rise for the past few years, with median home values currently sitting at around $150,000. This is significantly higher than the national average of $130,000 and indicates that East Moline is a desirable location to live in.

One reason why home prices in East Moline are so high is because there are limited available properties within the city limits. In addition, many residents are able to purchase their homes using equity from their previous homes or through refinancing. This means that homeownership rates in East Moline are high compared to other cities across the country. Additionally, East Moline has seen strong job growth over the past few years which has led to increased demand for housing units.

Despite these positive factors, there are some potential risks associated with buying or owning a home in East Moline. One issue is that interest rates have been relatively low recently which could make it difficult for buyers to afford homes outright or refinance into more affordable terms. Another potential issue is that East Moline experiences high levels of crime which could make it difficult for homeowners to feel safe and secure in their homes. However, overall it appears that home prices and home equity values in East Moline are continuing to rise which suggests that this market remains healthy overall