62837, Fairfield, IL

The Fairfield, Illinois zip code of 62837 has a median home value of $183,000 and a median home equity value of $142,500. This is higher than the Illinois median home value of $146,500 and the national median home equity value of $141,700.

There are a total of 2,898 homes in the 62837 zip code. The majority (1,711) of these homes have a median home value below $200,000 while the remaining homes have a median home value between $200,000 and $499,999. The percentage of homes with a home equity value above $500,000 is lower than the state average (27%) but higher than the national average (21%).

The average age of homes in the 62837 zip code is approximately 33 years old which is older than both the state average (30 years) and national average (31 years). The percentage of households with children under 18 living in them is lower than both state and national averages but higher than the Illinois average.

There are two major factors that contribute to high home values in this zip code: relatively low levels of unemployment and high levels of education attainment. Fairfield has an unemployment rate of 3% which is lower than both Illinois’s unemployment rate (4%) and national unemployment rate (5%). Additionally, Fairfield has one of the highest levels of educational attainment in Illinois with over 50%of adults having at least some college experience. These two factors together likely account for much higher levelsofhomevaluesinthiszipcodethanwouldbeexpectedinotherpartsofthestateornationwhereunemploymentandeducationalattainmentarelower.