The housing market in 60620 Chicago, IL is significantly more affordable than the US median with a median value of $157,100 compared to the US median of $338,100. Although the 1 year appreciation rate for houses in this area is lower than the US at 6.13%, it still represents an increase in value for all homeowners. Overall, 60620 Chicago, IL is an attractive option for those looking to purchase a home given its affordability and good appreciation rate.
The median home cost in Chicago (zip 60620) is $157,100. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Chicago (zip 60620) is up 10.1%.
Average Age of Homes
- The median age of Chicago (zip 60620) real estate is 70 years old
The Rental Market in Chicago (zip 60620)
- Renters make up 45.3% of the Chicago (zip 60620) population
- 3.6% of houses and apartments in Chicago (zip 60620), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.