62084, Roxana, IL

Roxana, Illinois is located in the central part of the state and has a population of around 21,000. The 62084 zip code covers a total area of just over 2 square miles and has a median home value of $92,000. Home equity in Roxana peaked in 2007 at $128,700 but has since fallen to just over $100,000.

The majority of homes in Roxana are owner-occupied and there is a strong demand for housing due to its proximity to major cities such as Chicago and Springfield. This demand has led to relatively high home prices and home equity levels in Roxana. In fact, the median home value is almost twice as high as the statewide median home value of $46,500.

Despite the high prices and strong demand for housing in Roxana, there have been some signs that suggest the market may be starting to slow down. For example, sales volumes have decreased by around 10% over the past year or so which could be indicative of an impending slowdown in the market. However, it's still too early to say for sure whether or not there will be a significant decline in home values in Roxana over the next few years.