61859, Ogden, IL

The home equity and home prices in the 61859 zip code of Ogden, IL are very high. The median home value in this zip code is $269,000, which is more than double the Illinois median home value of $116,000. Additionally, the percentage of homes in this zip code that are owned outright is significantly higher than the statewide percentage of homes that are owned outright (77% vs. 46%). This suggests that there are a lot of people in this zip code who have a lot of money invested in their homes.

One reason why the home values in this zip code are so high is likely because there is a lot of demand for housing here. Ogden is located in central Illinois and has a population of over 100,000 people. It's likely that many people who live in this area want to buy or rent a house because it's an attractive place to live. Additionally, Ogden has been growing rapidly over the past few years and new houses and apartments have been built to meet demand. As a result, there are now more homes available for sale than there are buyers interested in buying them. This situation will continue to create pressure on prices until either more buyers enter the market or sellers decide they no longer want to sell their homes at these high prices.