The story of this market
The typical home in ZIP 60629 sells for about $315,000, or $235 per square foot.
Prices are up +9.46% from a year ago, so sellers still have some momentum. Homes take about 46 days to sell. HUD's fair market rent for a two-bedroom is $1,172 a month.
ZIP 60629 — Chicago
The 60629 housing market is currently experiencing steady price growth, with a median sale price of $315,000 and a 9.46% year-over-year increase. While the market is warm and inventory turnover is relatively fast, the area remains a challenging environment for investors due to higher unemployment and specific local economic conditions. Overall, the market is driven by consistent demand for affordable housing in a dense urban setting.
This ZIP is well-suited for budget-conscious family buyers and long-term investors who are comfortable navigating an urban market that requires active property management.
Median prices moved up 9.5% year over year.
Homes spend a median of 46 days on market with 3.2 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 9.4% · poverty 19.0% — a mixed stability profile.
Built from 774 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 7.4%/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 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 60629, Cook County IL
The area experiences crime rates that are generally higher than the national average, consistent with urban density patterns in this section of Chicago.
Public schools in the area are mixed in performance, with many institutions facing challenges typical of large urban school districts in Cook County.
The area is primarily an urban environment with standard risks for wind and localized flooding; insurance premiums are influenced by the broader Chicago metropolitan risk profile.
Economic momentum is driven by proximity to Chicago's industrial and service sectors, though the area faces challenges with aging infrastructure and limited new large-scale commercial 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 have access to Chicago's public transit network, including bus and rail connections, with a typical commute toward the downtown employment core taking 35-45 minutes.
The area features several local parks and community centers, with proximity to larger regional green spaces and shopping corridors along major arterial roads.
The rental market is characterized by steady demand and moderate vacancy pressure, with a significant portion of the housing stock managed by individual investors.
The local economy is anchored by service, retail, and light industrial sectors, with many residents commuting to broader Chicago employment hubs.
The area is served by the Chicago Transit Authority (CTA) bus routes and is within reach of the Orange Line rail service.
Development is largely focused on urban renewal and the maintenance of existing residential and commercial infrastructure.
Cook County Assessor's office manages property valuations, which are subject to triennial reassessment cycles.
Parcels are subject to Chicago Public Schools, Cook County, and various municipal utility and special service area districts.
Property insurance costs are consistent with the broader Cook County market, reflecting urban risk factors and regional weather patterns.
Data retrieved from Census Reporter and Data Commons ZCTA profiles.
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 Pier4.69.9 mi
- Bengtson's Pumpkin Farm and Fall Fest4.516.1 mi
- Museum of Illusions Chicago4.68.8 mi
- Dave & Buster's Rosemont4.316.2 mi
- Sloomoo Institute - Chicago4.59.4 mi
- Navy Pier4.69.9 mi
- Wrigley Field4.812.5 mi
- United Center4.77.7 mi
- Soldier Field4.57.9 mi
- McCormick Place4.57.4 mi
- Navy Pier4.69.9 mi
- Wrigley Field4.812.5 mi
- Millennium Park4.88.9 mi
- Shedd Aquarium4.58.3 mi
- Willis Tower4.58.3 mi
- Navy Pier4.69.9 mi
- Shedd Aquarium4.58.3 mi
- The Art Institute of Chicago4.88.7 mi
- Field Museum4.78.1 mi
- Griffin Museum of Science and Industry4.76.8 mi
- Millennium Park4.88.9 mi
- Garfield Park Conservatory4.87.8 mi
- Maggie Daley Park4.79 mi
- Grant Park4.78.5 mi
- Lincoln Park Conservatory4.811.2 mi
- Burnham Harbor4.78 mi
- 31st Street Harbor4.67.2 mi
- Jackson Park Yacht Club4.67.2 mi
- Harborside International Golf Center4.18.4 mi
- Puttery4.78.4 mi
- Douglass (Anna & Frederick) Park4.46.2 mi
- Silver Lake Country Club4.512 mi
- Sydney R. Marovitz Golf Course3.812.9 mi
- Water Tower Place4.59.8 mi
- Christkindlmarket Chicago4.28.7 mi
- Eataly4.39.4 mi
- Nordstrom4.49.3 mi
- Chicago Ridge Mall4.25.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Local community park providing green space and recreational facilities.
Major commercial artery featuring diverse local retail and dining options.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).