62275, Pocahontas, IL

The home equity and home prices in the 62275 zip code of Pocahontas, IL are reflective of the overall market conditions in the area. The median home value in this zip code is $119,900, which is lower than the statewide median home value of $159,500. Additionally, the percentage of homes that are owner-occupied is lower than the statewide average of 63%. This indicates that there are more homes for sale than there are buyers available.

Despite these market conditions, there have been a few notable changes in recent years. In 2017, the median home value increased by 2%, which was slower than the statewide increase of 3%. Additionally, since 2013 there has been a decrease in the percentage of homes that are owner-occupied from 66% to 63%. This suggests that even though homeownership rates may be lower in this zip code compared to other areas within Illinois, demand for housing remains high.

Overall, it appears that while homeownership rates may be lower in this area compared to other parts of Illinois, demand for housing remains high. This could lead to an increase in home values as more people become interested in purchasing or investing property here.