61705, Bloomington, IL

The Bloomington, IL zip code of 61705 has a population of about 113,000 people. The median household income in this zip code is $60,000 which is about average for the surrounding area. However, home prices in this zip code are much higher than average. As of March 2019, the median home price in this zip code was $269,500 which is more than triple the median household income. This high home price reflects the strong demand for homes in this area and indicates that there are many potential buyers who are willing to pay a high price for a home.

One reason why home prices in the 61705 zip code are so high is that there are many affluent residents living in this area. Many of these residents have access to good credit and can afford to buy a home even if their income is not very high. Additionally, there is a lot of demand for homes in this area because it is located near many major universities and businesses. Many people who live in the 61705 zip code want to be close to these attractions so they can enjoy all that these areas have to offer.

Despite the high prices associated with homes in the 61705 zip code, it does not appear that there has been an increase in housing prices over recent years. In fact, it seems likely that housing prices will continue to rise over time because there is still a lot of demand for homes in this area. It will be interesting to see how long it takes for median house prices within this zip code to reach $300,000 or more due to its extremely high value compared to other areas within Illinois