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These days, finding an affordable place to live in the 60501 area can be challenging. Home prices in 60501 are now at a median cost of $247,500, lower than the Illinois average of $300,242.
The average cost of rent is $1,247/mo in 60501, primarily driven by the current value of real estate in the 60501 area. In 60501, 37.29% of households rent, and 51.23% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 60501 is $5,483 per month. Households that rent pay about 22.75% of their income on rent here. 60501’s most expensive areas are in the northeastern 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
- 60638, IL: higher priced homes
- 60534, IL: higher priced homes
- 60458, IL: less expensive homes
- 60455, IL: less expensive homes
- 60513, IL: higher priced homes
- 60459, IL: higher priced homes
- 60525, IL: higher priced homes
- 60546, IL: higher priced homes
- 60402, IL: higher priced homes
- 60457, IL: higher priced homes
Zip Codes with Similar Populations
- 70529, LA: less expensive homes
- 30513, GA: higher priced homes
- 30529, GA: equally priced homes
- 38821, MS: less expensive homes
- 39667, MS: less expensive homes
- 00616, PR: less expensive homes
- 45050, OH: higher priced homes
- 45305, OH: higher priced homes
- 46403, IN: less expensive homes
- 50314, IA: less expensive homes
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