61443, Kewanee, IL

Kewanee, Illinois is located in the 61443 zip code. According to the 2010 census, the population of Kewanee was 9,848. The median household income in Kewanee was $51,836 and the median family income was $57,929. The percentage of families living below the poverty line in Kewanee was 2.5%.

The home equity and home prices in the 61443 zip code are as follows:

The average home value in Kewanee is $137,000. The average home equity value is $86,000. The average price per square foot for homes in Kewanee is $128.

There are a total of 1,094 homes currently for sale in the 61443 zip code. There are an additional 1,711 homes that are pending sale or have been sold within the past 12 months. There are a total of 3,997 homes currently available for purchase in the 61443 zip code.

According to Zillow’s Home Value Index (HVI), which measures changes over time in median home values across different U.S. cities and towns with at least 10 sales from each month from January 2000 through December 2014*, Kewanee has seen a decrease of -0.2% over that time period when compared to other cities and towns within Illinois with at least 10 sales during that time period.*

In addition to Zillow’s HVI data*, Trulia also provides monthly data on median home values* (*denotes quarterly index). Trulia reports that between January 2000 and December 2014*, Kewanee experienced an increase of 7% when compared to other cities and towns within Illinois with at least 10 sales during that time period.*

Taken together these two sources provide evidence that there has been an overall decrease (-0.2%) over time in median home values within Kewanee when compared to other cities and towns within Illinois with at least 10 sales during that same timeframe*. This decrease may be attributable to several factors including: low unemployment rates; steady economic growth; limited inventory availability; rising interest rates; etc.* However despite this downward trend there remains ample opportunity for homeownership within this city* (*see below for more information on homeownership opportunities).