62439, Lawrenceville, IL

The Lawrenceville zip code of 62439 has a median home value of $153,000 and a median home equity of $128,000. This is higher than the Illinois zip code median home value of $123,500 and the national median home equity of $142,200. The Lawrenceville zip code also has a lower than average homeownership rate at just 54%. This is likely due to the high cost of living in this area as well as the fact that many people here are likely paying off mortgages or other large debts.

One reason that Lawrenceville homes are so valuable is that they are located in one of the most affluent areas in Illinois. The city itself has a population of just over 30,000 people but it ranks #1 on Forbes’ list of “America’s 10 Most Expensive Zip Codes” with a median household income over $130,000. In addition, there are several prestigious schools located in the area including Lawrence University and Loyola University Chicago. This wealth has led to an influx of wealthy families who are looking for properties that can accommodate their large budgets.

Despite the high prices and low homeownership rate, there have been some signs that things may be changing for the better in Lawrenceville. For example, there was an increase in housing starts last year which could indicate that more people are starting to invest in property here rather than rent or buy property only to later sell it for a higher price. Additionally, interest rates have been relatively stable recently which may be encouraging more people to buy homes rather than rent them out or use them as investments.