61250, Erie, IL

The home equity and home prices in the 61250 zip code of Erie, IL are very high. The median home value in this zip code is $269,000, which is more than double the median home value in Illinois as a whole. In addition, the percentage of homes that are worth more than their original purchase price is also high in this zip code. This indicates that there is a lot of wealth and opportunity available in this area.

One reason why the home equity and home prices are so high in this zip code is because there are a lot of affluent residents here. The median household income in this zip code is $111,000, which is much higher than the median household income for Illinois as a whole. In addition, many people who live in this area own their homes outright rather than using mortgages or other forms of financing. This means that they have more money available to invest in real estate and other assets.

Another factor that contributes to the high home values and percentage of homes worth more than their original purchase price in this zip code is the availability of land. There are a lot of large estates and rural properties available for sale here, which means that buyers can easily afford to buy a property even if they don't have much money saved up already. Furthermore, Erie has been growing rapidly over the past few years and new housing developments have been popping up all around town – meaning there's always potential for even higher prices down the road.