61949, Redmon, IL

The 61949 zip code of Redmon, IL has a median home value of $137,000. The home equity in this zip code is $52,000. This means that the typical home in this zip code is worth 2.5 times more than the median household income. The average home price in this zip code has increased by 9% over the past year.

There are a number of factors that contribute to the high home values in this zip code. One reason is that Redmon is located in a desirable area with plenty of amenities and access to major highways and transportation networks. Additionally, there are a lot of families who have been able to purchase homes here for relatively cheap prices compared to other areas of Illinois.

Despite these positive factors, there are some challenges facing homeowners in the 61949 zip code. One issue is that interest rates have been historically low which makes it difficult for people to get loans for larger purchases like homes or cars. Additionally, there has been an increase in housing prices throughout Illinois over the past few years which may make it harder for people who want to sell their homes soon to receive a fair price for them.