Zip 60643 (Chicago, IL) Housing

The median housing value in 60643 Chicago, IL is $197,300, which is lower than the US house median value of $338,100. The US average one-year house appreciation rate is 8.27%; however, the one-year appreciation rate in 60643 Chicago, IL is 6.13%. This indicates that the market for housing in 60643 Chicago, IL is slower than the national average but still growing at a steady pace. With this growth and a median housing value that is lower than most areas of the country, 60643 Chicago, IL has good potential for homebuyers looking to invest in real estate.

The median home cost in Chicago (zip 60643) is $197,300. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Chicago (zip 60643) is up 10.1%.

Average Age of Homes

- The median age of Chicago (zip 60643) real estate is 66 years old

The Rental Market in Chicago (zip 60643)

- Renters make up 22.1% of the Chicago (zip 60643) population
- 1.3% of houses and apartments in Chicago (zip 60643), 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
	19,706.0	139,647,020.0
	72	42
	$197,300	$338,100
	10.1%	16.6%
	33.4%	57.0%
	66.0%	101.1%
	$16.65	$10.98
	$3,268	$2,690
	66.7%	57.4%
	8.3%	11.2%
	25.0%	31.4%
Vacant Housing
	1.3%	1.9%
	0.2%	0.4%
	1.8%	0.7%
	0.4%	0.4%
	0.3%	3.6%
	4.3%	4.1%
Value of Owner-Occupied Housing
	2.5%	2.6%
	1.3%	2.4%
	1.8%	2.8%
	4.9%	3.9%
	5.6%	4.5%
	16.7%	11.3%
	18.5%	13.0%
	17.9%	20.1%
	16.8%	13.6%
	6.2%	8.3%
	5.4%	9.7%
	1.7%	3.9%
	0.2%	2.2%
	0.1%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.4%	13.6%
	3.4%	13.6%
	2.0%	13.6%
	1.5%	13.2%
	5.8%	14.8%
	2.0%	13.6%
	19.2%	10.0%
	14.3%	4.7%
	36.4%	12.2%

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