61254, Geneseo, IL

The Geneseo, IL 61254 zip code has a median home value of $151,000. This is significantly lower than the Illinois median home value of $217,500. The Geneseo zip code also has a much lower home equity percentage than the state average of 63%. This indicates that there are more homes in foreclosure or in need of significant repairs in this zip code than in other parts of Illinois.

The low home equity percentage may be due to several factors. First, many homeowners may not have enough money saved up to cover the cost of a down payment on a house. Second, many people who live in this zip code may not have been able to get mortgages for houses that are within their budget range because of the high rates of foreclosure and delinquency in this area. Finally, many people who do own homes here may be underwater on their mortgages and unable to sell or refinance because their homes are worth less than what they owe on them.