The story of this market
The typical home in ZIP 60607 sells for about $525,000, or $430 per square foot.
Prices are up +46.3% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $2,346 a month.
ZIP 60607 — Chicago
The 60607 housing market is experiencing strong appreciation, with median prices rising significantly year-over-year. High demand from professionals and proximity to major employment hubs like the Medical District and West Loop continue to drive market activity. While inventory remains tight, the area's desirability as a central urban hub supports a positive outlook for the near term.
This ZIP is ideal for young professionals, medical residents, and urban-dwelling families who prioritize proximity to the Loop and the vibrant dining scene of the West Loop. It is less suited for those seeking traditional suburban space or low-density living.
Median prices moved up 46.3% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.6% · poverty 13.5% — a stable, low-distress profile.
Built from 459 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 60607, Cook County IL
Crime rates in the Near West Side area are generally consistent with urban Chicago trends, with property crime being more prevalent than violent crime. Residents often utilize neighborhood-specific safety initiatives and proximity to the University of Illinois Chicago campus security.
The area is served by Chicago Public Schools, with a mix of neighborhood schools and selective enrollment options. Performance varies significantly by specific school, with several highly-rated magnet and charter programs available in the broader district.
The area is primarily an urban environment with low risk for wildfires; flood risk is managed by the city's storm-sewer infrastructure, though localized basement flooding can occur during extreme precipitation events.
The area benefits from significant economic momentum driven by the expansion of the Illinois Medical District and proximity to the West Loop's corporate headquarters and tech hubs. Infrastructure investment remains focused on transit connectivity and mixed-use residential development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
Residents enjoy excellent access to the Chicago Loop via the CTA Blue, Pink, and Green lines, as well as multiple bus routes. Major highway access is provided by the I-90/94 and I-290 interchanges.
The ZIP features significant green space including Union Park and proximity to the Chicago Riverwalk. Residents have easy access to the dining and retail corridors of the West Loop and Fulton Market.
The rental market is highly active with significant inventory of luxury apartments and lofts. Vacancy pressure is moderate due to high demand from young professionals and students, with rents trending upward.
The economy is anchored by the Illinois Medical District, major corporate headquarters in the adjacent West Loop, and the University of Illinois Chicago. The industry mix is heavily weighted toward healthcare, technology, and professional services.
The area is a major transit hub served by multiple CTA 'L' lines and proximity to Union Station and Ogilvie Transportation Center. Highway access is provided by the Jane Byrne Interchange.
Development is focused on high-density residential and commercial infill, particularly along the transit corridors bordering the West Loop and the Medical District.
The Cook County Assessor's Office manages property valuations, utilizing a triennial reassessment model that often leads to significant tax shifts based on market value changes.
Parcels are subject to various special service areas (SSAs) for streetscape maintenance and the City of Chicago's municipal tax levies.
Property insurance premiums are influenced by urban density and the age of housing stock, with standard coverage for fire and liability being readily available.
Data retrieved from Census Reporter and IncomeByZipCode for ZCTA 60607.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Navy Pier4.62.7 mi
- Museum of Illusions Chicago4.61.4 mi
- Dave & Buster's Rosemont4.313.3 mi
- Sloomoo Institute - Chicago4.51.8 mi
- Activate Games4.915.9 mi
- Navy Pier4.62.7 mi
- Wrigley Field4.85.2 mi
- United Center4.71.3 mi
- Soldier Field4.51.9 mi
- McCormick Place4.52.3 mi
- Navy Pier4.62.7 mi
- Wrigley Field4.85.2 mi
- Millennium Park4.81.6 mi
- Shedd Aquarium4.51.9 mi
- Willis Tower4.50.9 mi
- Navy Pier4.62.7 mi
- Shedd Aquarium4.51.9 mi
- The Art Institute of Chicago4.81.5 mi
- Field Museum4.71.8 mi
- Griffin Museum of Science and Industry4.76.7 mi
- Millennium Park4.81.6 mi
- Garfield Park Conservatory4.83.5 mi
- Maggie Daley Park4.71.7 mi
- Grant Park4.71.6 mi
- Lincoln Park Conservatory4.83.6 mi
- First Lady4.81.7 mi
- Montrose Harbor4.76.2 mi
- DuSable Harbor4.62.2 mi
- Belmont Harbor4.74.9 mi
- Rockwell on the River4.74.9 mi
- Puttery4.70.8 mi
- Harborside International Golf Center4.112.8 mi
- Douglass (Anna & Frederick) Park4.42.6 mi
- Sydney R. Marovitz Golf Course3.85.5 mi
- Indian Boundary Golf Course4.110.9 mi
- Water Tower Place4.52.2 mi
- Christkindlmarket Chicago4.21.3 mi
- Eataly4.31.8 mi
- Nordstrom4.41.8 mi
- Harlem Irving Plaza4.49.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Large public park hosting major music festivals and community events.
One of the largest urban medical districts in the United States.
Renowned culinary destination with high-end restaurants and nightlife.
Key-figure check: median price diverges 21.9% from the nearest retained anchor (published ten-year series (2024)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $640,000 (21.9% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $640,000 (+21.9% vs the published ten-year series (2024)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.