61439, Henderson, IL

Henderson, Illinois is located in Cook County and has a population of around 104,000. The median household income in the zip code is $86,500 and the median home value is $217,500. Home equity in Henderson has been on the rise for several years now and there are many reasons why this may be the case.

One reason for the increase in home equity may be that Henderson has a low unemployment rate. In March of 2018, Henderson had an unemployment rate of 2.8%. This low unemployment rate means that there are more people available to buy homes and invest in their home equity. Additionally, Henderson has seen an influx of new residents over the past few years which may also contribute to the increase in home equity values.

Another reason for the increase in home equity values may be due to rising prices across all markets nationwide. Home prices have been on a steady rise for many years now and as a result, homeownership rates have also increased. Many people are now able to afford homes that they could not previously afford due to rising prices and increased wages over time. As long as these trends continue, it is likely that home equity values will continue to increase in Henderson as well.