Housing in 60622 Chicago, IL is a great investment. The median value of houses in the area is $521,300, which is above the US median of $338,100. Additionally, homes in this area have appreciated by 6.13% over the past year, slightly lower than the US average of 8.27%, but still an impressive rate of return on investment. With prices still relatively low compared to other cities and neighborhoods in the area, now is an ideal time to invest in real estate in 60622 Chicago, IL.
The median home cost in Chicago (zip 60622) is $521,300. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Chicago (zip 60622) is up 10.1%.
Average Age of Homes
- The median age of Chicago (zip 60622) real estate is 78 years old
The Rental Market in Chicago (zip 60622)
- Renters make up 58.4% of the Chicago (zip 60622) population
- 2.3% of houses and apartments in Chicago (zip 60622), 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.