62639, Frederick, IL

The 62639 zip code of Frederick, Illinois has a population of around 30,000 people. The median household income in this zip code is around $60,000 which is high compared to the rest of the country. This high median income is likely due to the many well-educated residents in this area. In addition, Frederick is located in a metropolitan area which has a large number of jobs and businesses.

As a result of these factors, home prices in the 62639 zip code are high. The average home price in this zip code was $183,200 as of March 2017. This figure is significantly higher than the national average home price which was $181,600 as of March 2017. In addition, the 62639 zip code had an annualized rate of growth of 4.5% from March 2016 to March 2017 which was above the national average rate of growth (3%). This indicates that there are plenty of buyers and sellers in this area and that there is strong demand for homes.

One potential reason for why home prices are so high in the 62639 zip code is that there are relatively few homes available for sale compared to other areas within Illinois. As a result, buyers have more opportunities to purchase a home at a higher price than they would if there were more homes available for sale. Additionally, many people who live in Frederick own their homes which may also contribute to high home prices.