62203, East Saint Louis, IL

East Saint Louis, Illinois is located in the eastern part of the state and has a population of approximately 100,000. The 62203 zip code covers an area of about 2 square miles and has a median household income of $36,000. Home prices in this zip code have increased by about 20% over the past year and are currently at $130,000.

The primary driver of home prices in East Saint Louis is demand from local buyers and investors. There is also strong demand from people who are relocating to the area or who are looking for an affordable place to live. In addition, there is limited supply of homes available for sale which has helped to drive prices up.

There are several factors that could potentially slow down or even reverse the trend of increasing home prices in East Saint Louis. These include a possible decrease in demand or an increase in available supply which would lead to a decrease in prices. Additionally, there could be changes in economic conditions which could impact both home values and employment opportunities within the area.