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These days, finding an affordable place to live in the 60940 area can be challenging. Home prices in 60940 are now at a median cost of $214,644, lower than the Illinois average of $242,002.
The average cost of rent is $927/mo in 60940, primarily driven by the current value of real estate in the 60940 area. While nearly 43.06% of residents own their homes outright in 60940, 19.31% rent.
Housing affordability isn’t just about home prices, though. The average household income in 60940 is $5,885 per month. Households that rent pay about 15.76% of their income on rent here. 60940's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 60954, IL: less expensive homes
- 60401, IL: less expensive homes
- 60468, IL: higher priced homes
- 60950, IL: less expensive homes
- 46376, IN: higher priced homes
- 46356, IN: equally priced homes
- 46379, IN: less expensive homes
- 60914, IL: less expensive homes
- 60915, IL: less expensive homes
- 46303, IN: equally priced homes
Zip Codes with Similar Populations
- 49253, MI: equally priced homes
- 62939, IL: less expensive homes
- 62806, IL: less expensive homes
- 62417, IL: less expensive homes
- 62075, IL: less expensive homes
- 61531, IL: less expensive homes
- 49635, MI: higher priced homes
- 49450, MI: less expensive homes
- 49277, MI: less expensive homes
- 49266, MI: less expensive homes
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