Zip 60642 (Chicago, IL) Housing

Housing in 60642 Chicago, IL is considered high-priced. The median value of a home is $489,100 which is significantly higher than the US House Median Value of $338,100. The 1 year appreciation rate for housing in 60642 Chicago, IL was 6.13%, which is lower than the US 1 year House Appreciation rate of 8.27%. This indicates that the housing market has been relatively stable in this area of Chicago over the last year compared to other parts of the country.

The median home cost in Chicago (zip 60642) is $489,100. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Chicago (zip 60642) is up 10.1%.

Average Age of Homes

- The median age of Chicago (zip 60642) real estate is 44 years old

The Rental Market in Chicago (zip 60642)

- Renters make up 58.7% of the Chicago (zip 60642) population
- 3.6% of houses and apartments in Chicago (zip 60642), 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
	11,340.0	139,647,020.0
	34	42
	$489,100	$338,100
	10.1%	16.6%
	33.4%	57.0%
	66.0%	101.1%
	$17.04	$10.98
	$8,432	$2,690
	33.8%	57.4%
	7.3%	11.2%
	58.9%	31.4%
Vacant Housing
	3.6%	1.9%
	0.4%	0.4%
	0.4%	0.7%
	0.8%	0.4%
	0.0%	3.6%
	2.0%	4.1%
Value of Owner-Occupied Housing
	0.3%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.0%	11.3%
	1.7%	13.0%
	9.4%	20.1%
	10.7%	13.6%
	29.4%	8.3%
	38.0%	9.7%
	5.3%	3.9%
	3.9%	2.2%
	0.8%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	23.1%	13.6%
	23.1%	13.6%
	12.8%	13.6%
	4.5%	13.2%
	4.3%	14.8%
	12.8%	13.6%
	3.3%	10.0%
	2.8%	4.7%
	32.0%	12.2%

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