62650, Jacksonville, IL

The 62650 zip code of Jacksonville, IL has a population of around 106,000 people. The median household income in this zip code is $60,000 which is about average for the surrounding area. The median home value in this zip code is $137,500 which is also about average for the surrounding area.

There are a lot of factors that go into determining home equity and home prices. Some of the things that can affect these values include interest rates, inflation rates, market conditions, and property values.

Interest rates have been slowly decreasing over the past few years which has helped to increase home equity values in some areas of the country while decreasing them in others. Inflation rates have been relatively stable over the past few years which has had little impact on home equity values. Market conditions can be very volatile and can quickly change from one day to the next which can impact home prices as well. Property values can also vary greatly depending on location and type of property.

Overall, it seems that Jacksonville, IL homes are fairly valued compared to other areas in Illinois and nationwide. It may take some time for market conditions to change so that homes there become more affordable but at least right now it looks like they are holding their own against other areas within Illinois and nationwide