The story of this market
The typical home in ZIP 60637 sells for about $229,500, or $185 per square foot.
Prices are down 1.7% from a year ago, which gives buyers more room to negotiate. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,187 a month.
ZIP 60637 — Chicago
The 60637 housing market is characterized by a high share of renters and a median home price that has seen modest fluctuations. Market activity is heavily influenced by the institutional presence of the University of Chicago and the anticipation surrounding the Obama Presidential Center. While inventory remains limited, the market shows stability in pricing despite broader economic pressures.
This ZIP is ideal for university-affiliated individuals, students, and investors seeking proximity to major institutional anchors, though it requires careful navigation of neighborhood-specific safety and school-quality variations.
Median prices moved down 1.7% year over year.
Homes spend a median of 65 days on market with 5.5 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 13.7% · poverty 31.4% — elevated distress and economic pressure.
Built from 588 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 4.5%/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 2.6%/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 60637, Cook County IL
Crime rates in the 60637 area remain a significant concern, with reported incidents of violent and property crime consistently higher than the national average and many other Chicago neighborhoods.
The area is served by Chicago Public Schools, with school quality varying significantly; the University of Chicago Laboratory Schools provide a high-performing private option, while local public school performance is mixed.
The area faces standard urban environmental risks, including potential for basement flooding during heavy rainfall events common in Chicago's older infrastructure zones.
Economic momentum is heavily anchored by the University of Chicago and the ongoing development of the Obama Presidential Center, which is driving local infrastructure and commercial interest.
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 benefit from proximity to the Metra Electric Line and CTA Green Line, providing direct transit access to Chicago's Loop, while driving commutes are subject to heavy congestion on the Dan Ryan Expressway.
The area features significant green space, including Washington Park and Midway Plaisance, alongside proximity to the lakefront and cultural amenities like the Museum of Science and Industry.
The rental market is deep and dominated by a high renter share of approximately 74%, with steady demand driven by the large student and faculty population associated with the University of Chicago.
The economy is dominated by the University of Chicago, which serves as the primary employer and economic engine, supported by healthcare and academic research sectors.
The area is served by the CTA Green Line and Metra Electric District, providing essential transit corridors to the Chicago central business district.
Development is heavily focused on the area surrounding the Obama Presidential Center and university-led expansion projects.
The Cook County Assessor's Office manages assessments, which are subject to triennial reassessment cycles and state-mandated equalization factors.
Parcels are subject to various taxing bodies including the City of Chicago, Cook County, Chicago Public Schools, and the Chicago Park District.
Property insurance premiums are influenced by urban risk factors and the age of the housing stock, with standard coverage available but subject to market-wide rate increases.
Data retrieved from data.census.gov ZCTA 60637 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 Pier4.67.7 mi
- Museum of Illusions Chicago4.67.2 mi
- Dave & Buster's Rosemont4.319.2 mi
- Sloomoo Institute - Chicago4.58.3 mi
- Color Factory Chicago4.77 mi
- Navy Pier4.67.7 mi
- Wrigley Field4.811.9 mi
- United Center4.77.8 mi
- Soldier Field4.55.7 mi
- McCormick Place4.55 mi
- Navy Pier4.67.7 mi
- Wrigley Field4.811.9 mi
- Millennium Park4.87.1 mi
- Shedd Aquarium4.56 mi
- Willis Tower4.57 mi
- Navy Pier4.67.7 mi
- Shedd Aquarium4.56 mi
- The Art Institute of Chicago4.86.9 mi
- Field Museum4.76 mi
- Griffin Museum of Science and Industry4.71.3 mi
- Millennium Park4.87.1 mi
- Garfield Park Conservatory4.89.4 mi
- Maggie Daley Park4.77.1 mi
- Grant Park4.76.5 mi
- Lincoln Park Conservatory4.810 mi
- First Lady4.87.5 mi
- DuSable Harbor4.67.3 mi
- Chicago Yacht Club4.77 mi
- Columbia Yacht Club4.87.2 mi
- Burnham Harbor4.75.6 mi
- Harborside International Golf Center4.16 mi
- Puttery4.77.6 mi
- Douglass (Anna & Frederick) Park4.47.5 mi
- Sydney R. Marovitz Golf Course3.812 mi
- Lost Marsh Golf Course4.19.6 mi
- Water Tower Place4.58.2 mi
- Christkindlmarket Chicago4.27.2 mi
- Eataly4.37.8 mi
- Nordstrom4.47.7 mi
- Chicago Ridge Mall4.210.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Major anchor institution and cultural hub.
Large historic park designed by Olmsted and Vaux.
World-class science museum located nearby in Jackson Park.
Major under-construction landmark project.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.