62914, Cairo, IL

The 62914 zip code of Cairo, Illinois has a population of around 8,000 people. The median household income in this zip code is $50,000 which is higher than the national median household income of $53,046. However, the median home value in this zip code is only $128,000 which is lower than the national median home value of $217,500. This suggests that there are a lot of homes in this zip code that are worth less than what the average person would be willing to pay for them.

One reason that homes in this zip code may be worth less than what someone would be willing to pay for them is because there are a lot of homes that were built before 1990. These older homes may not have been well maintained and may not have had all of the updated features that newer homes have. Additionally, many people who live in this zip code may not have enough money saved up to buy a home outright so they may be forced to rent instead. This means that there are likely a lot of people who want to buy a home but can't because they don't have enough money or they can't find an affordable home available for sale.

Another reason why some homes in this zip code might be worth less than what someone would be willing to pay for them is because there has been an increase in foreclosure activity in Cairo over the past few years. This means that there are likely a lot of properties available for sale that have been foreclosed on and are therefore not as desirable as properties that haven't been foreclosed on. Furthermore, many people who live in this area may not be able to afford to buy even if they could find an affordable property available for sale since their incomes aren't high enough relative to the cost of housing here.