61754, McLean, IL

The 61754 zip code of McLean, Illinois is a suburban area located in the northwest suburbs of Chicago. The median home value in this zip code is $269,000 and the median home equity is $142,500. This indicates that the majority of homes in this zip code are valued at around two-thirds of their original value. In addition, the average home price growth over the past five years has been 2.5%.

There are a number of factors that may contribute to this high level of home equity and home prices in this particular zip code. First, McLean is an affluent suburb with a high rate of homeownership (81%). Second, there is a strong demand for housing in McLean due to its proximity to major metropolitan areas (Chicago and Washington D.C.), as well as its excellent schools and recreational opportunities. Finally, there has been very little inflationary pressure on prices over the past five years which may have helped to keep values stable or even increase modestly compared to other areas across Illinois.