62601, Alexander, IL

The 62601 zip code of Alexander, IL is located in the heart of Illinois’s agricultural region. The area has a population of approximately 20,000 and has a median household income of $60,000. Home prices in the 62601 zip code have increased by an average of 10% over the past year.

The main drivers of home equity and home prices in the 62601 zip code are strong job growth and low interest rates. Alexander is one of Illinois’ fastest-growing cities, with an unemployment rate that has fallen to 3%. Additionally, there is a large demand for housing due to the influx of new residents and businesses. Low interest rates are also contributing to high home values in the 62601 zip code. The average mortgage rate in Alexander is currently at 3%.

There are several factors that could affect home values in the 62601 zip code over time. These include changes in economic conditions (such as a recession), increases or decreases in demand for housing, and changes in interest rates.