62521, Decatur, IL

The 62521 zip code of Decatur, IL has a population of around 34,000 people and a median home value of $130,000. The average monthly mortgage payment for someone living in the 62521 zip code is $1,711. Home equity is an important part of many people's lives and can provide them with financial stability in times of need.

Home equity can be used to pay off debt, purchase a new home, or invest in other assets. Home prices have been increasing steadily over the past few years in the 62521 zip code. This trend is likely to continue as more people are able to afford homes and borrow money against their home equity. While there are risks associated with investing in home equity, such as a housing market crash, overall the trend suggests that homeownership is becoming more affordable and that this will continue to be good news for the 62521 zip code economy.