62040, Granite City, IL

The 62040 zip code of Granite City, Illinois is home to a population of approximately 10,000 people. The median household income in the 62040 zip code is $60,000 and the median family income is $70,000. The average home value in the 62040 zip code is $130,000.

The 62040 zip code has a homeownership rate of 66%. The average home value in the 62040 zip code is $130,000 which means that approximately 66% of households in the 62040 zip code own their homes. Approximately 34% of households in the 62040 zip code are renters.

There has been an increase in home values over the past five years. Between 2010 and 2015, home values increased by an average of 9%. This increase can be attributed to several factors including low interest rates and increasing demand for housing due to an improving economy. There has been a decrease in home values over the past year however; this decrease can be attributed to stricter lending criteria imposed by banks and lenders as well as increased competition from other areas for buyers and sellers alike.