61822, Champaign, IL

The home equity and home prices in the 61822 zip code of Champaign, IL are very high. The median home value in this zip code is $269,000, which is more than triple the national median home value of $101,500. Additionally, the percentage of homes in this zip code that are worth more than $300,000 is significantly higher than the national percentage of homes that are worth more than $300,000. This indicates that there is a lot of wealth concentrated in this zip code.

One reason for the high home values and percentage of homes that are worth more than $300,000 in this zip code is likely due to its proximity to major universities such as University of Illinois at Urbana- Champaign and University of Illinois at Chicago. These universities have a large number of students and their families who can afford to purchase expensive homes near campus. Additionally, many people who live in this zip code work in professional or managerial positions and can afford to buy a house even if they do not have a college degree.