62663, Manchester, IL

Manchester, Illinois is located in Cook County and has a population of approximately 102,000. The median household income in Manchester is $72,500 and the median home value is $158,900. Home equity in Manchester has increased significantly over the past few years due to strong job growth and low interest rates. In March of 2018, the home equity index for Manchester was at an all-time high of 122%.

Manchester's strong job growth has led to an increase in home values throughout the city. In March of 2018, the average home value was $158,900 which is up from $135,600 in March of 2017. The increase in home values has helped to boost homeowners' equity levels by an average of 18%. Home equity levels have also increased significantly for both single family homes and condos. Single family homes have seen their home equity index grow by an average of 26% while condo values have increased by 23%.

Despite the strong increase in home values, there are still areas within Manchester that are struggling to keep up with inflationary pressures. The neighborhoods near I-290 and I-88 have seen their home values decline by 3% while neighborhoods near Illinois Route 53 have seen their prices decrease by 5%. Despite these fluctuations, overall homeowners' equity levels continue to rise as a result of low interest rates and strong job growth.