62444, Mode, IL

The home equity and home prices in the 62444 zip code of Mode, IL are very high. The average home value in this zip code is $269,000. This is a lot more than the average home value in the United States, which is $181,600. The reason for this high value is that there are a lot of wealthy people living in this zip code. There are also a lot of expensive homes here.

One reason why the home values are so high is because Mode has a good economy. It has an unemployment rate of only 3%. This means that there are plenty of jobs available and people can afford to buy homes. Another reason for the high values is that Mode has a low crime rate. There have been only two murders in this zip code since 2000, which is much lower than the national average of 5 murders per 100,000 people. This means that people are willing to pay more for safe neighborhoods.

Despite these reasons, not everyone agrees that the home values in Mode are too high. Some people argue that if you can afford it, then you should be able to buy a house no matter what its price tag may be. Others believe that if housing prices continue to rise at their current rate then eventually everyone will be able to afford houses even if they don't have a lot of money saved up already.