The housing market in 60641 of Chicago, IL is slightly lower than the US average. The median value of houses in this area is $319,300 while the US median house value is $338,100. The appreciation rate for houses in 60641 is 6.13%, lower than the 8.27% seen at the national level. Despite these statistics showing a weaker housing market than the US average, there are still great options for buyers looking to purchase a home in this area.
The median home cost in Chicago (zip 60641) is $319,300. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Chicago (zip 60641) is up 10.1%.
Average Age of Homes
- The median age of Chicago (zip 60641) real estate is 78 years old
The Rental Market in Chicago (zip 60641)
- Renters make up 46.9% of the Chicago (zip 60641) population
- 2.1% of houses and apartments in Chicago (zip 60641), 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.