61529, Elmwood, IL

The Elmwood zip code, 61529, has a population of approximately 9,000 people. The median household income in the zip code is $53,500. The median home value in the zip code is $157,500.

There has been a significant increase in home equity and home prices in the Elmwood zip code over the past several years. In 2012, the median home value was $146,000. By 2016, the median home value had increased to $157,500. This trend is likely to continue as more and more people are able to afford homes in this area.

One reason for this increase in home values is that Elmwood is located near many affluent suburbs such as Naperville and Schaumburg. These suburbs have a large number of wealthy residents who are able to purchase homes in these areas and then invest their money into them so that they can continue to earn a high return on their investment. Additionally, Elmwood has seen an influx of new residents over the past few years who are also able to afford homes here. This influx of new residents has helped to drive up prices even further because there are now more buyers competing for limited supply of homes available in the area.