October's First-Time Homebuyer Report for 61108 Zip Code

The 61108 zip code is older than the rest of Illinois, with a median age of 40. It's somewhat affluent as well, with a median income of $48,767 per household. The 61108 zip code market is primarily made up of detached houses, which currently account for 89% of the homes for sale in the area. The top school in the zip code is King Gifted School.

Price Range

The median value of homes in the 61108 zip code is $77,000, making it one of the lower priced areas in Illinois. At the same time, the average list price of available homes is presently $82,199. The 61108 zip code market saw sales rise 31.2% and it is currently in the midst of a budding upward sales trend, including 21 homes sold over the last 30 days.

Wonder which homes are generating the most buzz? Here are the most viewed listings in the 61108 zip code:

$174K   $105K   $227K  

Typical Dwelling

The typical dwelling in the 61108 zip code is a three-bedroom detached home worth about $91,167. To purchase a similar home, a buyer with good credit and a $18,233 cash down payment could obtain a mortgage with a 3.95% interest rate and a $543 monthly payment. The property tax rate is $25.64 per $1,000 of taxable assessed value.

Get started right now by checking out 61108 homes for sale or reviewing 61108 real estate trends.


Data reported through 10/13/2016

Comments:

Ask a local expert about this area:
Michael Vernia
Snapped 2 homes in this area

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