The story of this market
The typical home in ZIP 60608 sells for about $450,000, or $325 per square foot.
Prices are roughly flat from a year ago (-0.5%), a market in balance. Homes take about 33 days to sell. HUD's fair market rent for a two-bedroom is $1,295 a month.
ZIP 60608 — Chicago
The 60608 housing market remains somewhat competitive with a median price of $450,000, showing resilience despite a slight year-over-year dip. Demand is supported by the area's proximity to downtown Chicago and its vibrant cultural identity, keeping inventory tight at 3.2 months of supply.
This ZIP is well-suited for young professionals and commuters seeking urban proximity, as well as investors looking for rental demand in a high-density, culturally rich neighborhood.
Median prices moved down 0.5% year over year.
Homes spend a median of 33 days on market with 3.2 months of supply — a fast-moving market.
15% 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 8.3% · poverty 18.8% — a mixed stability profile.
Built from 577 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 7.0%/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 4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 60608, Cook County IL
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the 60608 area are generally higher than the national average, consistent with urban density patterns in Chicago's Lower West Side. Local trends fluctuate with city-wide public safety initiatives.
Schools in the area are part of Chicago Public Schools (CPS), with a mix of neighborhood and magnet options; performance ratings vary significantly across individual campuses.
The area is primarily an urban environment with standard municipal flood management; property insurance costs are influenced by regional Chicago-area weather patterns and urban fire risk profiles.
The area benefits from proximity to the Chicago Loop and ongoing revitalization in Pilsen and Bridgeport, driven by small business growth and transit-oriented development.
Property taxes are assessed by Cook County based on a triennial cycle; the effective rate is approximately 1.4%, reflecting local municipal, school district, and county levies.
Residents have excellent access to the Chicago Loop via the CTA Pink Line and multiple bus routes, with a mean commute time of approximately 29.9 minutes.
The area features several local parks, including Dvorak Park and Harrison Park, and is within reach of the Chicago River waterfront and the vibrant dining and arts scene of Pilsen.
The rental market is robust with a high renter share of approximately 60%, driven by proximity to downtown and a steady supply of multi-family housing units.
The economy is anchored by a mix of local small businesses, light industrial sectors, and service-oriented jobs, with strong connectivity to the broader Chicago metropolitan labor market.
The area is served by the CTA Pink Line and extensive bus networks, providing efficient transit to the Chicago Loop and surrounding neighborhoods.
Development is focused on adaptive reuse of industrial buildings and transit-oriented residential infill projects.
Cook County utilizes a triennial assessment system to determine property values for tax purposes.
Parcels are subject to Chicago Public Schools, City of Chicago, and Cook County taxing districts.
Property insurance premiums are consistent with urban Chicago standards, reflecting regional risk factors.
Data retrieved from Census Reporter and United States Zip Codes.
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 Pier4.64.5 mi
- Museum of Illusions Chicago4.63.3 mi
- Dave & Buster's Rosemont4.313.5 mi
- Sloomoo Institute - Chicago4.53.7 mi
- Activate Games4.914.8 mi
- Navy Pier4.64.5 mi
- Wrigley Field4.86.9 mi
- United Center4.72.2 mi
- Soldier Field4.53 mi
- McCormick Place4.52.9 mi
- Navy Pier4.64.5 mi
- Wrigley Field4.86.9 mi
- Millennium Park4.83.4 mi
- Shedd Aquarium4.53.2 mi
- Willis Tower4.52.7 mi
- Navy Pier4.64.5 mi
- Shedd Aquarium4.53.2 mi
- The Art Institute of Chicago4.83.3 mi
- Field Museum4.73 mi
- Griffin Museum of Science and Industry4.76.1 mi
- Millennium Park4.83.4 mi
- Garfield Park Conservatory4.83.5 mi
- Maggie Daley Park4.73.5 mi
- Grant Park4.73.2 mi
- Lincoln Park Conservatory4.85.5 mi
- First Lady4.83.6 mi
- DuSable Harbor4.64 mi
- Belmont Harbor4.76.8 mi
- Rockwell on the River4.76.2 mi
- Chicago Yacht Club4.73.6 mi
- Harborside International Golf Center4.111.5 mi
- Puttery4.72.7 mi
- Douglass (Anna & Frederick) Park4.41.7 mi
- Sydney R. Marovitz Golf Course3.87.3 mi
- Indian Boundary Golf Course4.110.9 mi
- Water Tower Place4.54.2 mi
- Christkindlmarket Chicago4.23.2 mi
- Eataly4.33.8 mi
- Nordstrom4.43.7 mi
- Harlem Irving Plaza4.410.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Community park with recreational facilities.
Large neighborhood park featuring a fieldhouse and pool.
Prominent cultural institution located in the heart of Pilsen.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.