Zip Code:
62962 is a Illinois Zip code within the city of Miller City and the county of Alexander County. Its population is roughly 0.
Miller City, IL is located in the 62962 zip code. According to the 2010 census, the population of Miller City was 2,811. The median household income in Miller City was $45,914. Home equity and home prices in the 62962 zip code are important factors to consider when evaluating a potential home purchase or sale.
According to Zillow, as of September 2016, the median home value in the 62962 zip code was $128,200. This is lower than the Illinois median home value of $157,600 and national median home value of $177,700. However, this does not take into account any discounts or incentives that may be available on homes in this zip code. Additionally, Zillow reports that over the past year (September 2015-September 2016), there were an average of 1 transactions per day in this zip code. This indicates that there is a high demand for homes in this area and that homeowners are able to sell their homes quickly for a fair price.
Home equity is important because it can provide homeowners with a cushion should they need it during tough financial times or if they decide to sell their home later on down the road. Home equity can also be used as collateral for a loan if necessary. According to Zillow's 2016 Home Value Report Card®, as of September 2016: "The Midwest had some of the strongest gains (+10%) since 2013 across all three measures: Median Home Value (+21%), Median Household Income (+10%) and Number Sold (+13%). The Northeast saw modest gains (-1%) but remained much more affordable than other regions." This suggests that while housing prices have increased nationally over recent years, they remain relatively affordable compared to other parts of the country - which could be good news for potential homeowners looking to buy or sell in Miller City!
Price Index: Cape Girardeau, MO-IL
Zipcode | Population | Density | Timezone | Latitude | Longitude | City | County | State |
---|---|---|---|---|---|---|---|---|
62964 | 1,168 | 17.2 | America/Chicago | 37.12854 | -89.21531 | Mounds | Pulaski | Illinois |
62969 | 438 | 8.5 | America/Chicago | 37.15795 | -89.34349 | Olive Branch | Alexander County | Illinois |
63742 | 79 | 98.9 | America/Chicago | 37.15866 | -89.44621 | Commerce | Scott County | Missouri |