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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 $331,622, higher than the Illinois average of $242,002.
The average cost of rent is $1,273/mo in 60616, primarily driven by the current value of real estate in the 60616 area. While nearly 40.27% of residents own their homes outright in 60616, 57.51% rent.
Housing affordability isn’t just about home prices, though. The average household income in 60616 is $5,751 per month. Households that rent pay about 22.14% 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.
Nearby Zip Codes
- 60605, IL: higher priced homes
- 60608, IL: equally priced homes
- 60653, IL: less expensive homes
- 60604, IL: higher priced homes
- 60607, IL: higher priced homes
- 60603, IL: higher priced homes
- 60602, IL: less expensive homes
- 60661, IL: higher 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: less expensive homes
- 78665, TX: equally priced homes
- 77089, TX: less expensive homes
- 77082, TX: less expensive homes
- 75287, TX: higher priced homes
- 00693, PR: less expensive homes
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