Housing in 60647 Chicago, IL is slightly more expensive than the national median value of $338,100 with a median value of $446,000. The appreciation rate in this area is not as high as the national average of 8.27%, instead sitting at 6.13%. Though the appreciation rate may be lower, the higher median value shows that this area is still a desirable place to live and invest in.
The median home cost in Chicago (zip 60647) is $446,000. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Chicago (zip 60647) is up 10.1%.
Average Age of Homes
- The median age of Chicago (zip 60647) real estate is 78 years old
The Rental Market in Chicago (zip 60647)
- Renters make up 55.7% of the Chicago (zip 60647) population
- 2.6% of houses and apartments in Chicago (zip 60647), 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.