The housing market in 60656 Chicago, IL is quite competitive. The median value of houses in the area is $315,300, which is a bit lower than the US median house value of $338,100. Despite this, the one-year house appreciation rate in 60656 Chicago, IL is 6.13%, which is still quite impressive when compared to the US average of 8.27%. This shows that despite being slightly lower than national averages, there is still significant potential for growth in the area. Overall, the housing market in 60656 Chicago, IL looks very promising and offers great investment opportunities.
The median home cost in Chicago (zip 60656) is $315,300. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Chicago (zip 60656) is up 10.1%.
Average Age of Homes
- The median age of Chicago (zip 60656) real estate is 54 years old
The Rental Market in Chicago (zip 60656)
- Renters make up 30.6% of the Chicago (zip 60656) population
- 0.3% of houses and apartments in Chicago (zip 60656), 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.