62266, New Memphis, IL

The Memphis zip code 62266 has a population of about 97,000 people and is located in the southeastern part of the state. The median household income in this zip code is about $53,000, which is lower than the Illinois median household income of $60,000. The home equity and home prices in this zip code are both lower than the Illinois average home equity and home prices.

The Memphis zip code has a low home equity percentage because there are fewer homes that are worth more than their mortgages. There are also a lot of homes that are worth less than their mortgages but still have some equity. Home prices in this zip code have been decreasing for the past few years because there is a shortage of homes available for sale and buyers are not able to get financing to buy these homes.