Zip 60640 (Chicago, IL) Housing

The housing in 60640 Chicago, IL has a median value of $324,000 which is lower than the US house median value of $338,100. Over the past year, the US housing appreciation rate has been 8.27%, while the appreciation rate in 60640 Chicago, IL was 6.13%. This suggests that despite being lower than the US median value, the housing in this area is still appreciating in value at a slightly slower rate than national trends.

The median home cost in Chicago (zip 60640) is $324,000. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Chicago (zip 60640) is up 10.1%.

Average Age of Homes

- The median age of Chicago (zip 60640) real estate is 78 years old

The Rental Market in Chicago (zip 60640)

- Renters make up 62.4% of the Chicago (zip 60640) population
- 4.3% of houses and apartments in Chicago (zip 60640), 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
	39,754.0	139,647,020.0
	80	42
	$324,000	$338,100
	10.1%	16.6%
	33.4%	57.0%
	66.0%	101.1%
	$16.50	$10.98
	$5,309	$2,690
	30.5%	57.4%
	8.1%	11.2%
	61.4%	31.4%
Vacant Housing
	4.3%	1.9%
	0.6%	0.4%
	0.1%	0.7%
	0.0%	0.4%
	0.3%	3.6%
	2.8%	4.1%
Value of Owner-Occupied Housing
	0.3%	2.6%
	1.1%	2.4%
	0.7%	2.8%
	0.7%	3.9%
	1.5%	4.5%
	6.3%	11.3%
	11.1%	13.0%
	23.6%	20.1%
	21.4%	13.6%
	11.9%	8.3%
	10.5%	9.7%
	5.4%	3.9%
	4.7%	2.2%
	0.3%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.3%	13.6%
	4.3%	13.6%
	4.4%	13.6%
	5.4%	13.2%
	9.7%	14.8%
	4.4%	13.6%
	7.6%	10.0%
	7.7%	4.7%
	49.4%	12.2%

Reviews for Chicago

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David · Chicago, IL

Ravenswood

Over 17 years ago

The Ravenswood neighborhood is wedged just between Lincoln Square and Andersonville, just north of Lakeview. It has been on the rise in recent years and many young More

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narda · Chicago, IL

Little UN on the Lakefront

Over 18 years ago

Lakefront living, mixed income/racial community with great More

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