62515, Buffalo, IL

The 62515 zip code of Buffalo, IL has a population of around 46,000 people. The median household income in this zip code is $59,000 which is above the Illinois median household income of $53,482. The median home value in this zip code is $136,500 which is significantly higher than the Illinois median home value of $111,200. This indicates that there are a lot of homeowners in the 62515 zip code and that they are likely to be able to afford to pay off their mortgages.

There has been a significant increase in home equity and home prices over the past few years in the 62515 zip code. In 2012, the median home value was $115,500 which was significantly lower than the current median home value of $136,500. However, since then there has been a consistent increase in both home equity and home prices throughout most of the 62515 zip code. In 2016 alone, there was an increase of 8% in both home equity and home prices within the 62515 zip code. This indicates that there is strong demand for homes within this area and that homeowners are able to get a good return on their investment by buying homes here.

One reason why there has been such an increase inhome values within the 62515 zip code is because it is located near some major metropolitan areas such as Chicago and Detroit. These metropolitan areas have a large population and are therefore always going to be popular with buyers looking for homes that they can afford. Additionally, many homeowners who live within the 62515 zip code have chosen to invest their money into property rather than stock markets or other risky investments over recent years due to concerns about global financial markets. As a result, there has been an increased demand for properties within this area which has led to an increase inhome values