61262, Lynn Center, IL

The home equity and home prices in the 61262 zip code of Lynn Center, 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. Additionally, the percentage of homes in this zip code that are owned outright is significantly higher than the statewide average of just over 50%. This suggests that there are a lot of people in this area who are able to afford to buy their homes outright.

One reason why the home values in this area are so high may be because there is a lot of available land here. The Lynn Center census tract has an average population density of only 2 people per square mile, which is much lower than the statewide average of almost 10 people per square mile. This means that there is plenty of room for homes to be built and for buyers to find ones they want to buy. Additionally, Lynn Center is located within close proximity to major cities such as Chicago and Springfield, both of which have a large population and lots of job opportunities. This may also be contributing factors to the high home values in this area.