62964, Mounds, IL

The Mounds, Illinois 62964 zip code has a median home value of $131,000. The home equity in this zip code is $44,000. The average home price in the 62964 zip code has increased by 9.5% over the past year and by 10% over the past five years. This is significantly higher than the Illinois state average of 5%.

There are a number of factors that contribute to this increase in home prices in the 62964 zip code. One reason may be that Mounds is located within a desirable area with plenty of job opportunities and low crime rates. Additionally, homes in this area tend to be well-maintained and have good access to public transportation and amenities.

Despite these positive factors, there are some potential risks associated with buying a home in the 62964 zip code. For example, if interest rates rise or if the economy takes a downturn, prices could drop significantly. Additionally, there may be limited inventory available for purchase within this area which could lead to long wait times for buyers who want to purchase a home.