61734, Delavan, IL

The 61734 zip code of Delavan, Illinois has a median home value of $128,000 and a median home equity value of $92,000. The average home in this zip code was built in 1984 and is approximately 2,500 square feet. The average price per square foot for homes in this zip code is $86. This means that the typical homeowner in this zip code has over 20 years worth of appreciation on their home equity.

Home prices have been on the rise for the past several years in Delavan. In fact, according to Zillow’s Home Price Index (ZHPI), the average home price in this zip code has increased by 9% since 2016! This increase can be attributed to a number of factors including an improving economy and low interest rates.

While there are certainly some homeowners who have seen their home equity values decrease due to market conditions or other factors, the majority of homeowners in Delavan are seeing positive returns on their investments. This is likely due to the fact that homes here are generally well-maintained and located within desirable neighborhoods. As long as buyers continue to demand properties located within these neighborhoods, it is likely that home prices will continue to increase in this area.