61520, Canton, IL

The Canton, Illinois 61520 zip code has a population of around 34,000 people. The median household income in the zip code is $87,500 and the median home value is $236,000. Canton is a predominately white community with a median age of 41 years old. The average commute time to work is 26 minutes.

There has been an increase in home equity and home prices in the Canton, Illinois 61520 zip code over the past few years. In January of 2016, there was a 5% increase in home values compared to January of 2015. This trend continued throughout 2016 as there was an 8% increase in home values from January of 2016 to January of 2017. There was also a 5% increase in home values from January of 2017 to January of 2018. Home equity growth has been outpacing inflation since 2014 which indicates that there is strong demand for homes in this area.

One reason for this demand may be that Canton is located near several major cities including Chicago and St Louis which are both growing rapidly economically. Additionally, the local schools are considered to be among the best in Illinois which may also contribute to increased demand for homes within this area. While it is difficult to predict how long this trend will continue, it seems likely that there will continue to be strong demand for homes within the Canton, Illinois 61520 zip code over the next few years