62022, Dow, IL

The 62022 zip code of Dow, Illinois is located in the Chicago metropolitan area. The median home value in this zip code is $159,900 and the median home equity value is $87,500. This means that the majority of homes in this zip code are valued at more than $100,000. Additionally, there are a total of 1,814 homes currently for sale in this zip code. This indicates that there is a high demand for housing in this area.

Home prices have been on the rise for Dow residents over the past few years. In fact, between January 2016 and January 2017 alone, home prices increased by 5%. This trend seems to be continuing as of September 2017; according to Zillow data, the average home value in this zip code has increased by 6% since then. Additionally, during the same time period (January 2016-September 2017), unemployment rates decreased by 0.5% in Dow while they increased nationally by 2%. These trends suggest that people are increasingly choosing to live in Dow because it offers good quality housing at a reasonable price.

One reason why home prices have been increasing so much in Dow is because of its strong economy. The unemployment rate here is lower than most other parts of Illinois and nationwide, which suggests that there is a lot of demand for housing here. Additionally, many businesses located here are highly profitable which means that people can afford to buy homes even if they do not have a high income. Finally, Dow has an excellent public school system which attracts families who want their children to receive a good education. All these factors combined mean that there is high demand for housing in this area and consequently high home prices as well!