The housing market in 60607 Chicago, IL is rapidly growing. The median value of a house in this area is currently $450,000, which is substantially higher than the U.S. median house value of $338,100. Furthermore, the 1 year house appreciation rate in this area is 6.13%, which is slightly lower than the U.S.'s 8.27%. This indicates that while the housing market in 60607 Chicago, IL is growing at a rapid rate, it isn't overly inflated yet and could be a great opportunity to invest if you're looking for an area with potential for growth and appreciation over time.
The median home cost in Chicago (zip 60607) is $450,000. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Chicago (zip 60607) is up 10.1%.
Average Age of Homes
- The median age of Chicago (zip 60607) real estate is 27 years old
The Rental Market in Chicago (zip 60607)
- Renters make up 44.5% of the Chicago (zip 60607) population
- 5.1% of houses and apartments in Chicago (zip 60607), 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.