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These days, finding an affordable place to live in the 60647 area can be challenging. Home prices in 60647 are now at a median cost of $605,850, higher than the Illinois average of $300,242.
The average cost of rent is $1,856/mo in 60647, primarily driven by the current value of real estate in the 60647 area. In 60647, 59.95% of households rent, and 23.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 60647 is $9,438 per month. Households that rent pay about 19.67% of their income on rent here. 60647’s most expensive areas are in the northern 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.
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