61801, Urbana, IL

Home Equity and Home Prices in the 61801 Zip Code of Urbana, IL

The home equity and home prices in the 61801 zip code of Urbana, IL are very high. The median home value in this zip code is $269,000, which is more than double the national median home value of $123,500. In addition, the percentage of homes that are worth more than their original purchase price is also very high in this zip code. This means that there are a lot of homeowners who have a lot of equity in their homes.

One reason why the home equity and home prices in this zip code are so high is because there is a lot of demand for housing here. There are a number of colleges and universities located in this area, which means that there is a large population of college students who need to find affordable housing. Additionally, Urbana has been growing rapidly over the past few years, which has led to an increase in demand for housing. As a result, homeowners have been able to profit from rising property values by selling their homes and investing the proceeds into other properties or stocks.