62950, Jacob, IL

The 62950 zip code of Jacob, IL has a median home value of $135,000. The home equity in this zip code is $48,000. This means that the majority of homes in this zip code are worth more than their original purchase price. Additionally, the average home price in this zip code has increased by 9% over the past year.

There are a number of factors that may contribute to the increase in home values in this area. One reason may be that Jacob is located within an affluent area and there is a high demand for housing within these boundaries. Additionally, many homeowners have taken advantage of low interest rates and refinanced their homes multiple times over the past few years. As a result, they have accumulated significant equity in their properties which has helped to drive up prices.

Despite the positive trend seen in home values over recent years, it is important to keep in mind that they can still fluctuate greatly from month-to-month and year-to-year. Therefore, it is always advisable to consult with a real estate agent or mortgage lender if you are interested in purchasing or refinancing a property within this zip code