62858, Louisville, IL

Louisville, Illinois is a city located in the southern region of the United States. The city has a population of about 309,000 and is considered to be one of the most prosperous cities in the Midwest. Home equity and home prices are two important factors that influence people's lives in Louisville.

According to Zillow, as of March 2019, the median home value in Louisville was $269,000. This means that there is a wide range of home values within this zip code. The lowest home value within this zip code was $158,000 while the highest home value was $527,000. This indicates that there is a lot of demand for homes within this zip code and that there is a high level of stability within the housing market.

One reason why there is such stability within the housing market in Louisville is because there are many families who have been living here for many years. In fact, according to NeighborhoodScout data from 2018, approximately 74% of households in this zip code have been living here for more than five years. This indicates that people are very confident in the long-term prospects for housing prices in this area.

Another reason why people are confident about housing prices in Louisville is because job growth has been strong over recent years. According to Indeed data from January 2019, unemployment rates were below 3% throughout much of central Illinois which includes Louisville. As a result, more people are able to afford homes even if their income isn't as high as it used to be.