61016 Zip Code First-Time Homebuyer Report for October

61016 is a larger than average zip code in Illinois that has seen a 16.3% increase in population over the last 10 years. It also has a total population of 4,557. Homes in the 61016 zip code are relatively old with a median age of 27 years. The top school in the zip code is Cherry Valley Elementary School.

Culture

According to Foursquare, Barnes & Noble, Victoria's Secret, and Walgreens are the most popular retail spots in 61016. You might also try Baumann Park and Kishwaukee River Forest Preserve, a few popular places to experience the outdoors. And finally, TGI Fridays, SONIC Drive In, and Arby's are frequently visited spots to eat.

Price Range

The median value of homes in the 61016 zip code is $106,000, making the area almost identical to others in Illinois. At the same time, the average list price of available homes is presently $193,343. More sellers put their homes up for sale in the 61016 zip code market over the last 30 days and the number of new listings rose this week to two. Home sales remained unchanged from the prior period and once again two homes were sold.

Make sure you take a look at these eye-catching homes in the 61016 zip code that generated the most views from potential buyers:

$229K   $272K   $259K  

Typical Dwelling

The typical dwelling in the 61016 zip code is a three-bedroom detached home worth about $159,112. To purchase a similar home, a buyer with good credit and a $31,822 cash down payment could obtain a mortgage with a 3.95% interest rate and a $844 monthly payment. The property tax rate is $25.64 per $1,000 of taxable assessed value.

Get started right now by checking out 61016 homes for sale or reviewing 61016 real estate trends.


Data reported through 10/13/2016

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