The median housing value in 60655 Chicago, IL is $271,300, which is significantly lower than the US median of $338,100. The appreciation rate of housing in the past year was 6.13%, which is a bit lower than the national rate of 8.27%. This suggests that while the area's housing market may be healthy, it may not be keeping up with the nation's growth as much as other areas are. Overall, although there may be some competition for available homes in this area, real estate prices are generally more affordable than what can be found nationally.
The median home cost in Chicago (zip 60655) is $271,300. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Chicago (zip 60655) is up 10.1%.
Average Age of Homes
- The median age of Chicago (zip 60655) real estate is 63 years old
The Rental Market in Chicago (zip 60655)
- Renters make up 11.6% of the Chicago (zip 60655) population
- 0.5% of houses and apartments in Chicago (zip 60655), 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.