62931, Elizabethtown, IL

The Elizabethtown, Illinois 62931 zip code has a population of approximately 21,000 people. The median household income in the zip code is $71,500 and the median home value is $171,200. Over the past five years, the home equity in this zip code has increased by an average of 9.5%. This increase can be attributed to a number of factors including an increase in home values and home equity loans available to homeowners.

One important factor that affects home prices is interest rates. When interest rates are high, it makes it more expensive for people to borrow money to buy a house. In addition, when interest rates are low, it becomes more affordable for people to borrow money to buy a house. Over the past five years, interest rates have fluctuated between 4% and 5%. As a result of these fluctuations in interest rates, the average price of a house in this zip code has changed by an average of 2%.

Another important factor that affects home prices is supply and demand. When there is more demand for houses than there are available houses for sale, prices will rise. Conversely, when there is less demand for houses than there are available houses for sale, prices will fall. Over the past five years, there has been an overall decrease in housing availability which has led to an increase in house prices by 3%.