Zip 60618 (Chicago, IL) Housing

Housing in 60618 Chicago, IL is more expensive than the US median with a median value of $437,900. This is a considerable increase from the national average of $338,100 and indicates that this area is a desirable location for homebuyers. Despite being an expensive market, it has seen only moderate appreciation over the last year at 6.13%, compared to the national rate of 8.27%. While buyers may have to pay more for homes in this region, they can rest assured that their investment should be growing steadily over time.

The median home cost in Chicago (zip 60618) is $437,900. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Chicago (zip 60618) is up 10.1%.

Average Age of Homes

- The median age of Chicago (zip 60618) real estate is 78 years old

The Rental Market in Chicago (zip 60618)

- Renters make up 50.3% of the Chicago (zip 60618) population
- 3.0% of houses and apartments in Chicago (zip 60618), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Chicago, Illinois	United States
	40,987.0	139,647,020.0
	61	42
	$437,900	$338,100
	10.1%	16.6%
	33.4%	57.0%
	66.0%	101.1%
	$16.17	$10.98
	$7,309	$2,690
	45.4%	57.4%
	10.1%	11.2%
	44.5%	31.4%
Vacant Housing
	3.0%	1.9%
	0.5%	0.4%
	0.6%	0.7%
	0.4%	0.4%
	1.0%	3.6%
	4.7%	4.1%
Value of Owner-Occupied Housing
	1.4%	2.6%
	0.1%	2.4%
	0.1%	2.8%
	0.2%	3.9%
	0.1%	4.5%
	1.3%	11.3%
	5.3%	13.0%
	15.1%	20.1%
	18.8%	13.6%
	14.8%	8.3%
	26.8%	9.7%
	8.8%	3.9%
	5.0%	2.2%
	1.9%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	9.4%	13.6%
	9.4%	13.6%
	3.6%	13.6%
	2.8%	13.2%
	3.5%	14.8%
	3.6%	13.6%
	6.7%	10.0%
	3.8%	4.7%
	59.3%	12.2%

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