61326, Granville, IL

The 61326 zip code of Granville, Illinois has a population of around 12,000 people. The median household income in this zip code is $75,000. Home prices in this zip code have increased significantly over the past few years and are now among the highest in the state.

There are a number of factors that have contributed to the high home prices in this zip code. First, Granville is located in one of Illinois' most desirable areas and has a strong economy. Second, there is a large demand for homes in this area due to its proximity to major cities such as Chicago and Springfield. Finally, there has been an increase in home equity loans available to residents of this zip code.

Despite these positive factors, there are some risks associated with buying a home in Granville. First, the area is prone to natural disasters such as floods and tornadoes. Second, the local economy may experience fluctuations which could lead to decreased demand for homes or higher mortgage rates. Third, home prices may decline over time if interest rates rise or if other factors cause buyers to change their minds about purchasing a home in Granville.