The housing median value in 60646 Chicago, IL is $431,300, which is significantly higher than the US House Median Value of $338,100. The US 1 year house appreciation rate is 8.27%, while the 1 year appreciation rate for housing in 60646 Chicago, IL is 6.13%. This indicates that although the housing market in Chicago has seen some growth, it has not kept pace with the rest of the United States. In general, this means that while home values are increasing in this area, they remain slightly below the national average and are still relatively affordable compared to other parts of the country.
The median home cost in Chicago (zip 60646) is $431,300. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Chicago (zip 60646) is up 10.1%.
Average Age of Homes
- The median age of Chicago (zip 60646) real estate is 65 years old
The Rental Market in Chicago (zip 60646)
- Renters make up 25.1% of the Chicago (zip 60646) population
- 0.3% of houses and apartments in Chicago (zip 60646), 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.