62271, Okawville, IL

The 62271 zip code of Okawville, Illinois has a population of approximately 2,000 people. The median household income in this zip code is $50,000 and the median home value is $130,000. Home equity in this zip code is relatively high compared to other areas of the country. In fact, according to Zillow’s 2018 Home Value Report, the home equity in this zip code is 5% higher than the national average.

One reason for this high level of home equity may be that Okawville is a desirable area to live in. The city has a population density of only 1 person per square mile which makes it a very safe community. Additionally, Okawville has many amenities that residents may find appealing such as a library system and parks.

Despite these positive factors, there are some risks associated with owning a home in Okawville. For example, if the market for homes in the area crashes then homeowners could experience significant losses on their investments. Additionally, if interest rates increase then borrowers may have to pay more on their mortgages than they would have had they chosen another location for their homes. However, overall it appears that homeownership in this area is generally beneficial and provides stability and security for families who live there.