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These days, finding an affordable place to live in the 60531 area can be challenging. Home prices in 60531 are now at a median cost of $222,263, lower than the Illinois average of $300,242.
The average cost of rent is $1,460/mo in 60531, primarily driven by the current value of real estate in the 60531 area. In 60531, 29.38% of households rent, and 33.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 60531 is $6,269 per month. Households that rent pay about 23.28% of their income on rent here. 60531’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
- 60552, IL: higher priced homes
- 60518, IL: less expensive homes
- 60551, IL: higher priced homes
- 60548, IL: higher priced homes
- 60537, IL: higher priced homes
- 60556, IL: higher priced homes
- 61353, IL: less expensive homes
- 60550, IL: less expensive homes
- 60536, IL: higher priced homes
- 60541, IL: higher priced homes
Zip Codes with Similar Populations
- 14726, NY: less expensive homes
- 74735, OK: less expensive homes
- 23438, VA: higher priced homes
- 23175, VA: higher priced homes
- 22922, VA: equally priced homes
- 22469, VA: higher priced homes
- 20778, MD: higher priced homes
- 15942, PA: less expensive homes
- 75930, TX: less expensive homes
- 14065, NY: less expensive homes
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