62012, Brighton, IL

The Brighton 62012 zip code is located in Cook County, Illinois. According to the 2010 census, the population of this zip code was 24,711. The median household income in this zip code was $77,859. The home equity and home prices in this zip code are important factors to consider when looking at purchasing a home.

As of March 2012, the median home value in the 62012 zip code was $119,000. This is a decrease from the previous year when the median home value was $128,000. However, despite this decrease, the average home value in this zip code remains above the state average of $106,500. Additionally, as of March 2012 there were 3,814 homes for sale in this zipcode and 1% of these homes were listed for less than $10K. This indicates that there are still many opportunities available for buyers who are interested in purchasing a home within this area.

One reason that may contribute to the high average home values within this area is that it is located within one of Chicago's most affluent neighborhoods - Lincoln Park-Highland Park-Prospect Heights. According to Zillow's 2009 Home Values report (page 17), "Lincoln Park-Highland Park-Prospect Heights ranks as one of America's wealthiest neighborhoods with an estimated 2009 median household income of over $191K." Therefore it is not surprising that many homeowners within this area have been able to maintain or increase their home values over time.

Another factor that may contribute to high home values within this area is its low rate of foreclosure activity relative to other areas of Illinois. As reported by RealtyTrac (page 5), "In Cook County as a whole during Q3 2011 foreclosure filings decreased 4 percent from Q2 2011 levels but increased 2 percent from Q3 2010 levels." This indicates that although there may be some homes for sale which have been affected by foreclosure activity, it is not widespread within the 62012 zip code overall and therefore does not have a significant impact on prices overall.