Zip 60623 (Chicago, IL) Housing

The housing market in 60623 Chicago, IL is considerably lower than the average US housing median value of $338,100. The median value for this area is $185,200 which is about 45% less than the national median. Despite the lower values, the 1 year house appreciation rate for this area has been 6.13%, slightly lower than the US average of 8.27%. Therefore, while houses may be cheaper here than elsewhere in the country, they are still appreciating in value at a steady rate.

The median home cost in Chicago (zip 60623) is $185,200. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Chicago (zip 60623) is up 10.1%.

Average Age of Homes

- The median age of Chicago (zip 60623) real estate is 78 years old

The Rental Market in Chicago (zip 60623)

- Renters make up 52.5% of the Chicago (zip 60623) population
- 3.9% of houses and apartments in Chicago (zip 60623), 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
	30,957.0	139,647,020.0
	61	42
	$185,200	$338,100
	10.1%	16.6%
	33.4%	57.0%
	66.0%	101.1%
	$16.17	$10.98
	$2,798	$2,690
	31.1%	57.4%
	15.3%	11.2%
	53.6%	31.4%
Vacant Housing
	3.9%	1.9%
	0.2%	0.4%
	0.5%	0.7%
	0.3%	0.4%
	0.1%	3.6%
	10.3%	4.1%
Value of Owner-Occupied Housing
	4.4%	2.6%
	1.6%	2.4%
	2.8%	2.8%
	1.5%	3.9%
	4.1%	4.5%
	15.9%	11.3%
	32.7%	13.0%
	23.1%	20.1%
	9.6%	13.6%
	2.0%	8.3%
	2.1%	9.7%
	0.2%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.6%	13.6%
	3.6%	13.6%
	3.4%	13.6%
	5.7%	13.2%
	6.8%	14.8%
	3.4%	13.6%
	10.4%	10.0%
	7.4%	4.7%
	55.1%	12.2%

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