Zip 60653 (Chicago, IL) Housing

The housing median value in 60653 Chicago, IL is $314,500, which is slightly lower than the US House Median Value of $338,100. The US experienced an 8.27% house appreciation rate over the past year, while 60653 Chicago experienced a slightly lower rate of 6.13%. This suggests that housing in this area is not appreciating as quickly as some other areas. Despite the relatively lower rate of appreciation, it is still a great area for prospective homeowners and provides plenty of affordable opportunities.

The median home cost in Chicago (zip 60653) is $314,500. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Chicago (zip 60653) is up 10.1%.

Average Age of Homes

- The median age of Chicago (zip 60653) real estate is 42 years old

The Rental Market in Chicago (zip 60653)

- Renters make up 63.4% of the Chicago (zip 60653) population
- 3.9% of houses and apartments in Chicago (zip 60653), 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
	18,468.0	139,647,020.0
	50	42
	$314,500	$338,100
	10.1%	16.6%
	33.4%	57.0%
	66.0%	101.1%
	$20.96	$10.98
	$4,006	$2,690
	26.6%	57.4%
	8.4%	11.2%
	65.0%	31.4%
Vacant Housing
	3.9%	1.9%
	0.3%	0.4%
	0.5%	0.7%
	0.7%	0.4%
	0.3%	3.6%
	2.7%	4.1%
Value of Owner-Occupied Housing
	0.8%	2.6%
	0.5%	2.4%
	1.0%	2.8%
	0.7%	3.9%
	2.8%	4.5%
	5.3%	11.3%
	12.6%	13.0%
	28.3%	20.1%
	18.7%	13.6%
	9.2%	8.3%
	14.5%	9.7%
	2.2%	3.9%
	2.0%	2.2%
	0.0%	0.8%
	1.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	20.7%	13.6%
	20.7%	13.6%
	7.7%	13.6%
	4.8%	13.2%
	12.3%	14.8%
	7.7%	13.6%
	7.6%	10.0%
	4.7%	4.7%
	30.0%	12.2%

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