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These days, finding an affordable place to live in the 60005 area can be challenging. Home prices in 60005 are now at a median cost of $388,833, higher than the Illinois average of $300,242.
The average cost of rent is $1,745/mo in 60005, primarily driven by the current value of real estate in the 60005 area. In 60005, 36.46% of households rent, and 43.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 60005 is $9,783 per month. Households that rent pay about 17.84% of their income on rent here. 60005’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 60008, IL: less expensive homes
- 60056, IL: equally priced homes
- 60004, IL: equally priced homes
- 60173, IL: equally priced homes
- 60196, IL: higher priced homes
- 60007, IL: less expensive homes
- 60070, IL: less expensive homes
- 60016, IL: less expensive homes
- 60067, IL: higher priced homes
- 60074, IL: less expensive homes
Zip Codes with Similar Populations
- 29576, SC: less expensive homes
- 44070, OH: less expensive homes
- 49417, MI: less expensive homes
- 75041, TX: less expensive homes
- 08610, NJ: less expensive homes
- 48917, MI: less expensive homes
- 53151, WI: equally priced homes
- 66212, KS: less expensive homes
- 71112, LA: less expensive homes
- 46342, IN: less expensive homes
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