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These days, finding an affordable place to live in the 60551 area can be challenging. Home prices in 60551 are now at a median cost of $271,760, lower than the Illinois average of $300,242.
The average cost of rent is $1,177/mo in 60551, primarily driven by the current value of real estate in the 60551 area. In 60551, 17.36% of households rent, and 36.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 60551 is $7,626 per month. Households that rent pay about 15.43% of their income on rent here. 60551’s most expensive areas are in the northern regions, while the cheapest areas are in the central 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
- 60549, IL: higher priced homes
- 60537, IL: equally priced homes
- 60541, IL: higher priced homes
- 60557, IL: equally priced homes
- 60552, IL: equally priced homes
- 60531, IL: less expensive homes
- 60548, IL: equally priced homes
- 60536, IL: higher priced homes
- 60518, IL: less expensive homes
- 60545, IL: less expensive homes
Zip Codes with Similar Populations
- 95692, CA: higher priced homes
- 10576, NY: higher priced homes
- 10594, NY: higher priced homes
- 11579, NY: higher priced homes
- 11804, NY: higher priced homes
- 12143, NY: less expensive homes
- 12522, NY: higher priced homes
- 13407, NY: less expensive homes
- 83676, ID: higher priced homes
- 92003, CA: higher priced homes
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