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These days, finding an affordable place to live in the 60640 area can be challenging. Home prices in 60640 are now at a median cost of $374,755, higher than the Illinois average of $300,242.
The average cost of rent is $1,434/mo in 60640, primarily driven by the current value of real estate in the 60640 area. In 60640, 68.85% of households rent, and 31.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 60640 is $6,638 per month. Households that rent pay about 21.60% of their income on rent here. 60640’s most expensive areas are in the northern regions, while the cheapest areas are in the northeastern 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
- 60613, IL: higher priced homes
- 60660, IL: less expensive homes
- 60625, IL: higher priced homes
- 60657, IL: higher priced homes
- 60659, IL: equally priced homes
- 60626, IL: less expensive homes
- 60618, IL: higher priced homes
- 60645, IL: equally priced homes
- 60614, IL: higher priced homes
- 60647, IL: higher priced homes
Zip Codes with Similar Populations
- 10027, NY: higher priced homes
- 11213, NY: higher priced homes
- 11215, NY: higher priced homes
- 11434, NY: higher priced homes
- 00953, PR: less expensive homes
- 94080, CA: higher priced homes
- 92114, CA: higher priced homes
- 75056, TX: higher priced homes
- 75070, TX: higher priced homes
- 75098, TX: higher priced homes
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