62806, Albion, IL

The 62806 zip code of Albion, Illinois has a median home value of $119,000 and a median home equity value of $101,000. The Albion area has seen an increase in home values over the past five years, with the median home value increasing by 10% from 2013 to 2017. This increase is likely due to the influx of new residents and businesses into the area as well as strong economic growth.

While there are some homeowners in the 62806 zip code who have more equity in their homes than others, most residents are relatively comfortable with their current levels of home equity. This is likely due to low interest rates and stable housing prices over the past few years. While there may be some potential buyers who are interested in purchasing homes in this zip code for investment purposes, most local residents are content to keep their homes for personal use or to sell them eventually.