62450, Olney, IL

The home equity and home prices in the 62450 zip code of Olney, IL are very high. The median home value in this zip code is $269,000, which is more than double the national median home value of $116,500. In addition, the percentage of homes in this zip code that are worth more than $300,000 is extremely high. This indicates that there are a lot of wealthy people living in this area.

One reason why the home equity and home prices in this zip code are so high is because there are a lot of wealthy people living here. The population of Olney, IL is mostly made up of affluent people who can afford to buy expensive homes. Additionally, many businesses located in this area cater to the affluent population, which also contributes to the high home values.

Despite the high home values and affluent population, it's not all good news for residents of Olney, IL when it comes to their housing market. The fact that there are so many expensive homes means that there is a lot of competition for them - which has led to bidding wars and higher prices overall. This situation may not last forever - but for now it's causing some serious problems for homeowners who can't afford to keep up with the rising prices.