61483, Toulon, IL

The 61483 zip code of Toulon, Illinois has a population of about 10,000 people. The median household income in this zip code is $50,000 and the median home value is $160,000. This means that the home equity in this zip code is about four times higher than the median household income and eight times higher than the median home value.

There are a number of reasons why home equity in this zip code is so high. First, Toulon is a relatively affluent area with a high median income and average home values. Second, there are a lot of homes in this zip code that are owned by investors who are able to get high returns on their investments because of the strong market conditions in Toulon. Third, there are very few homes for sale in this zip code which means that prices have remained stable for a long time. Fourth, mortgage rates have been low for many years now which has helped to increase homeowners' equity even more. Fifth, Toulon residents tend to stay in their homes for longer periods of time which also helps to increase homeowners' equity. Sixth, Toulon residents have been able to afford to pay off their mortgages faster than most other areas because they earn relatively high incomes.

Overall, it seems clear that homeowners' equity in the 61483 zip code of Toulon is very high and will likely continue to be high for some time into the future due to these factors alone.