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These days, finding an affordable place to live in the 60616 area can be challenging. Home prices in 60616 are now at a median cost of $388,192, higher than the Illinois average of $300,242.
The average cost of rent is $1,504/mo in 60616, primarily driven by the current value of real estate in the 60616 area. In 60616, 61.16% of households rent, and 44.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 60616 is $6,696 per month. Households that rent pay about 22.46% of their income on rent here. 60616’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern 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
- 60605, IL: higher priced homes
- 60608, IL: equally priced homes
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- 60607, IL: higher priced homes
- 60603, IL: higher priced homes
- 60602, IL: equally priced homes
- 60661, IL: equally priced homes
- 60606, IL: equally priced homes
- 60609, IL: less expensive homes
Zip Codes with Similar Populations
- 60630, IL: equally priced homes
- 91801, CA: higher priced homes
- 91786, CA: higher priced homes
- 91406, CA: higher priced homes
- 80011, CO: equally priced homes
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- 77089, TX: less expensive homes
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- 75287, TX: higher priced homes
- 00693, PR: less expensive homes
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