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These days, finding an affordable place to live in the 60406 area can be challenging. Home prices in 60406 are now at a median cost of $187,138, lower than the Illinois average of $300,242.
The average cost of rent is $1,193/mo in 60406, primarily driven by the current value of real estate in the 60406 area. In 60406, 47.17% of households rent, and 48.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 60406 is $5,583 per month. Households that rent pay about 21.37% of their income on rent here. 60406’s most expensive areas are in the central 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
- 60472, IL: less expensive homes
- 60469, IL: less expensive homes
- 60803, IL: higher priced homes
- 60827, IL: less expensive homes
- 60655, IL: higher priced homes
- 60643, IL: higher priced homes
- 60445, IL: higher priced homes
- 60426, IL: less expensive homes
- 60418, IL: equally priced homes
- 60628, IL: equally priced homes
Zip Codes with Similar Populations
- 78734, TX: higher priced homes
- 48075, MI: higher priced homes
- 48346, MI: higher priced homes
- 50320, IA: equally priced homes
- 52403, IA: higher priced homes
- 00667, PR: less expensive homes
- 53916, WI: higher priced homes
- 61021, IL: equally priced homes
- 62901, IL: less expensive homes
- 68105, NE: higher priced homes
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