62294, Troy, IL

The home equity and home prices in the 62294 zip code of Troy, IL are very high. This is likely due to the many affluent and well-educated residents in this area. The median home value in this zip code is $269,000, which is significantly higher than the national median home value of $181,500. Additionally, the percentage of homes that are owned outright or with a mortgage that is less than 30 years old is very high in this zip code. This indicates that many homeowners here have ample equity in their homes to borrow against if they need to purchase a new one or refinance an existing one. In addition, the average commute time to work in this zip code is only 22 minutes, which makes it an attractive location for those who want to live close to work but not have to deal with traffic congestion.