The housing market in 60604 Chicago, IL is quite strong and has been growing steadily over the past year. The median value of a home in this area is $551,100, which is significantly higher than the US median house value of $338,100. Over the past year, housing values have appreciated by 6.13%, which while lower than the national average of 8.27%, still indicates a healthy amount of growth in the area. This continued appreciation coupled with high median values makes 60604 an attractive place to buy or rent property for anyone looking for a place to call home in Chicago.
The median home cost in Chicago (zip 60604) is $551,100. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Chicago (zip 60604) is up 10.1%.
Average Age of Homes
- The median age of Chicago (zip 60604) real estate is 78 years old
The Rental Market in Chicago (zip 60604)
- Renters make up 27.5% of the Chicago (zip 60604) population
- 3.8% of houses and apartments in Chicago (zip 60604), 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.