62467, Teutopolis, IL

The Teutopolis, IL 62467 zip code has a population of approximately 10,000 people. The median household income in the 62467 zip code is $50,000. The median home value in the 62467 zip code is $128,500.

The Teutopolis area has seen a significant increase in home equity and home prices over the past few years. In 2012, the median home value was $111,500. By 2016, the median home value had increased to $128,500. This trend is likely to continue as more and more people are able to afford homes in this area.

One reason for this increase in home values is that there are a limited number of homes available for sale in the Teutopolis area. This means that buyers have a greater chance of finding a good deal on a home than they would if there were more homes available for sale. Additionally, many people who live in the Teutopolis area are already wealthy enough that they do not need to worry about making too much money off of their homes (i.e., they are not looking to flip their homes). As such, these homeowners are less likely to put their houses up for sale or rent at high prices. Consequently, it is easier for buyers who want to purchase a home in this area to find a good deal on an available house than it would be if there were more houses available for sale at higher prices.

Another reason why the Teutopolis area has seen an increase in home values is that there is limited housing stock available within commuting distance of downtown Chicago (i.e., within 30 minutes). As such, many people who want to live close to downtown Chicago are forced to move out into areas like Teutopolis where housing values are lower but commute times into downtown Chicago are shorter than they would be if they lived closer to downtown Chicago (or if they moved out into suburban areas where housing values are higher but commute times into downtown Chicago are longer). As long as demand continues to outpace supply (and as long as incomes continue to rise), we can expect continued increases in home values throughout most parts of Illinois (including the 62467 zip code).