The housing in 60637 Chicago, IL is quite affordable compared to the US median value at $338,100. The median value in this area is $213,400 which is about 37% less than the national average. Although the appreciation rate for homes nationally is 8.27%, in this area it's slightly lower at 6.13%. This indicates that while houses are increasing in value here they may not be doing so as quickly as other areas of the country. However, given the lower median value and appreciation rate this area remains a great option for those looking for an affordable housing market.
The median home cost in Chicago (zip 60637) is $213,400. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Chicago (zip 60637) is up 10.1%.
Average Age of Homes
- The median age of Chicago (zip 60637) real estate is 69 years old
The Rental Market in Chicago (zip 60637)
- Renters make up 56.4% of the Chicago (zip 60637) population
- 4.5% of houses and apartments in Chicago (zip 60637), 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.