62058, Livingston, IL

Livingston is located in the Chicago metropolitan area and has a population of around 38,000. The 62058 zip code covers a total area of about 1.5 square miles and has a median home value of $145,000. Home prices in Livingston have been increasing at a rate of about 7% annually over the past five years.

The main drivers of home equity and home prices in Livingston are likely to be local market conditions (e.g., job growth, income growth), interest rates, and availability of creditworthy borrowers. Over the past year or so, Livingston has seen strong job growth (+5%), which should lead to increased incomes and increased demand for housing. In addition, interest rates have remained relatively low throughout most of 2018 (currently at 3%), which should help to support home values. Finally, there is generally good availability of creditworthy borrowers in Livingston – this is especially true for mortgages but also includes other types of loans (e.g., HELOCs).