62959, Marion, IL

The home equity and home prices in the 62959 zip code of Marion, IL are reflective of the overall market conditions in the area. Over the past year, home values have increased by 2.5%, while the median household income has remained relatively unchanged. This suggests that there is a strong demand for housing in this area, but that it may be difficult for buyers to afford to purchase a home.

There are several factors contributing to this trend. First, Marion is located in one of Illinois’ most populous counties, which means that there is a high demand for housing relative to available supply. Second, Marion has seen strong job growth over the past few years, which has led to an increase in household incomes. Finally, interest rates have remained relatively low over the past year, which has made purchasing a home more affordable for some buyers.

Despite these positive trends, there are still some limitations on buyer access to homes in this area. For example, there is a limited number of available homes for sale and many of these properties are located in desirable neighborhoods. Additionally, mortgage rates have remained low over recent months but could rise at any time – making buying a home more expensive than it would otherwise be.