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These days, finding an affordable place to live in the 60047 area can be challenging. Home prices in 60047 are now at a median cost of $555,269, higher than the Illinois average of $300,242.
The average cost of rent is $2,130/mo in 60047, primarily driven by the current value of real estate in the 60047 area. In 60047, 13.22% of households rent, and 29.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 60047 is $14,729 per month. Households that rent pay about 14.46% of their income on rent here. 60047’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western 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
- 60010, IL: higher priced homes
- 60060, IL: less expensive homes
- 60074, IL: less expensive homes
- 60061, IL: less expensive homes
- 60089, IL: less expensive homes
- 60084, IL: less expensive homes
- 60067, IL: less expensive homes
- 60069, IL: higher priced homes
- 60004, IL: less expensive homes
- 60021, IL: less expensive homes
Zip Codes with Similar Populations
- 38128, TN: less expensive homes
- 33908, FL: less expensive homes
- 34609, FL: less expensive homes
- 34758, FL: less expensive homes
- 34983, FL: less expensive homes
- 34997, FL: less expensive homes
- 35405, AL: less expensive homes
- 37343, TN: less expensive homes
- 38002, TN: less expensive homes
- 33844, FL: less expensive homes
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