62474, Westfield, IL

Westfield, Illinois is located in Cook County and has a population of approximately 95,000. The median household income in Westfield is $101,000 and the median home value is $269,000. Approximately 60% of homes in the 62474 zip code are owner-occupied while 40% are occupied by renters.

Home equity is an important part of homeownership and home prices. Home equity can be used to pay off debt or invest in other assets. Home prices are also important because they reflect the value of a home and can be used as collateral for loans.

The following table shows the trend in home values over the past five years in Westfield:

Over the past five years, home values have increased by 9%. This increase is likely due to strong demand for housing in Westfield and increasing interest rates over this period. It is important to note that although home values have increased, there has been a slight decrease (-0.5%) in the number of homes sold over this period. This suggests that there may be some saturation in the market for homes in Westfield at this point and that buyers may need to offer higher bids than previously to purchase a home.