Zip 60516 (Downers Grove, IL) Housing

Housing in 60516 Downers Grove, IL is significantly more expensive than the US national average. The median housing value in 60516 Downers Grove is $374,500, much higher than the US median of $338,100. In addition to this, the 1 year house appreciation rate for 60516 Downers Grove is 9.58%, higher than the national average of 8.27%. This indicates that housing in 60516 Downers Grove is growing in value faster than most other areas in the US.

The median home cost in Downers Grove (zip 60516) is $374,500. Home appreciation the last 10 years has been 59.2%. Home Appreciation in Downers Grove (zip 60516) is up 14.1%.

Average Age of Homes

- The median age of Downers Grove (zip 60516) real estate is 41 years old

The Rental Market in Downers Grove (zip 60516)

- Renters make up 19.2% of the Downers Grove (zip 60516) population
- 1.1% of houses and apartments in Downers Grove (zip 60516), 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	Downers Grove, Illinois	United States
	12,401.0	139,647,020.0
	45	42
	$374,500	$338,100
	14.1%	16.6%
	34.5%	57.0%
	59.2%	101.1%
	$18.01	$10.98
	$6,379	$2,690
	73.6%	57.4%
	4.7%	11.2%
	21.7%	31.4%
Vacant Housing
	1.1%	1.9%
	0.4%	0.4%
	1.8%	0.7%
	0.5%	0.4%
	0.0%	3.6%
	0.9%	4.1%
Value of Owner-Occupied Housing
	0.4%	2.6%
	0.1%	2.4%
	0.2%	2.8%
	0.0%	3.9%
	0.6%	4.5%
	6.8%	11.3%
	6.2%	13.0%
	17.3%	20.1%
	34.2%	13.6%
	17.2%	8.3%
	13.6%	9.7%
	3.0%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.7%	13.6%
	2.7%	13.6%
	10.7%	13.6%
	20.7%	13.2%
	32.0%	14.8%
	10.7%	13.6%
	9.5%	10.0%
	2.0%	4.7%
	3.1%	12.2%

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