Zip 60638 (Chicago, IL) Housing

The housing median value in 60638 Chicago, IL is $274,900, which is significantly lower than the US house median value of $338,100. The US 1 year house appreciation rate is 8.27%, while the 1 year house appreciation rate in 60638 Chicago, IL is 6.13%. This indicates that the housing market in this area has not appreciated as quickly as other areas around the country within the past year. Despite this, 60638 Chicago still offers a great opportunity for potential homeowners to purchase property at a relative bargain compared to other parts of the nation.

The median home cost in Chicago (zip 60638) is $274,900. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Chicago (zip 60638) is up 10.1%.

Average Age of Homes

- The median age of Chicago (zip 60638) real estate is 59 years old

The Rental Market in Chicago (zip 60638)

- Renters make up 19.9% of the Chicago (zip 60638) population
- 0.9% of houses and apartments in Chicago (zip 60638), 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
	21,789.0	139,647,020.0
	63	42
	$274,900	$338,100
	10.1%	16.6%
	33.4%	57.0%
	66.0%	101.1%
	$20.96	$10.98
	$3,687	$2,690
	75.6%	57.4%
	4.7%	11.2%
	19.7%	31.4%
Vacant Housing
	0.9%	1.9%
	0.2%	0.4%
	0.7%	0.7%
	0.2%	0.4%
	0.1%	3.6%
	2.6%	4.1%
Value of Owner-Occupied Housing
	1.3%	2.6%
	0.8%	2.4%
	0.6%	2.8%
	1.4%	3.9%
	1.7%	4.5%
	5.4%	11.3%
	16.9%	13.0%
	49.5%	20.1%
	17.8%	13.6%
	3.0%	8.3%
	1.2%	9.7%
	0.1%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.8%	13.6%
	2.8%	13.6%
	3.8%	13.6%
	5.7%	13.2%
	8.2%	14.8%
	3.8%	13.6%
	36.1%	10.0%
	11.2%	4.7%
	10.0%	12.2%

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