62094, Witt, IL

The 62094 zip code of Witt, Illinois is located in the northwest corner of the state. It covers a total area of 8.5 square miles and has a population of just over 9,000 people. The median household income in this zip code is just over $60,000, which is significantly higher than the statewide median income of $53,046. However, despite this high income level, home prices in this area are significantly lower than the statewide average. In fact, according to Zillow’s recent report on home prices in Illinois, the median home value in Witt is only $128,500 – which is less than half the statewide median home value of $248,100.

One reason why home prices in Witt are so low compared to other parts of Illinois may be due to the fact that there are relatively few homes available for sale here. According to Zillow’s report on housing availability in Illinois as of March 2018 (the most recent data available), there were only 97 homes for sale in Witt – which is far fewer than any other zip code in Illinois with a population over 5,000 people. Additionally, many homes here are likely owned by retirees or people who live outside of town – which means that they aren’t actively being marketed to potential buyers.

Despite these limitations though, there are still some good opportunities for buyers looking for affordable housing close to major cities like Chicago and Springfield. For example, according to Zillow’s report on monthly mortgage rates as of February 2018 (the most recent data available), mortgage rates for properties located within 10 miles of Witt were only 3% higher than rates for properties located 50 miles away from Witt – indicating that there may still be some opportunity here for buyers who want to buy a property without having to spend too much money up front.