The story of this market
The typical home in ZIP 60640 sells for about $319,000, or $290 per square foot.
Prices are up +5.46% from a year ago, so sellers still have some momentum. Homes take about 378 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,413 a month.
ZIP 60640 — Chicago
The 60640 housing market shows steady appreciation with a median home price of $319,000 and a median rent of $1,875. Market conditions are currently neutral, with a measured supply of 136 active listings and a year-over-year price growth of 5.46%.
This ZIP code serves a diverse population of renters and urban residents, offering a mix of affordable housing and proximity to Chicago's amenities.
Median prices moved up 5.5% year over year.
Homes spend a median of 378 days on market with 0.0 months of supply — a slower-moving market.
0% 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 5.5% · poverty 17.5% — a stable, low-distress profile.
Built from 942 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.
ZCTA 60640
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.
The rental market is characterized by a median rent of $1,875 per month with a mix of affordable housing developments and market-rate units.
The area is part of the broader Chicago economy with a mix of residential and commercial activity.
Data sourced from US Census ZCTA profiles and World Population Review.
- Navy Pier4.66.2 mi
- Museum of Illusions Chicago4.66.3 mi
- Dave & Buster's Rosemont4.310.7 mi
- Sloomoo Institute - Chicago4.55.2 mi
- Color Factory Chicago4.76.5 mi
- Navy Pier4.66.2 mi
- Wrigley Field4.81.6 mi
- United Center4.76.2 mi
- Soldier Field4.57.8 mi
- McCormick Place4.58.5 mi
- Navy Pier4.66.2 mi
- Wrigley Field4.81.6 mi
- Millennium Park4.86.4 mi
- Shedd Aquarium4.57.5 mi
- Willis Tower4.56.5 mi
- Navy Pier4.66.2 mi
- Shedd Aquarium4.57.5 mi
- The Art Institute of Chicago4.86.6 mi
- Field Museum4.77.6 mi
- Griffin Museum of Science and Industry4.713.1 mi
- Millennium Park4.86.4 mi
- Garfield Park Conservatory4.86.4 mi
- Maggie Daley Park4.76.5 mi
- Grant Park4.77 mi
- Lincoln Park Conservatory4.83.5 mi
- First Lady4.86 mi
- Montrose Harbor4.71.4 mi
- DuSable Harbor4.66.4 mi
- Belmont Harbor4.72.2 mi
- Rockwell on the River4.72.7 mi
- Puttery4.75.9 mi
- The Glen Club4.511.8 mi
- Douglass (Anna & Frederick) Park4.47.7 mi
- Sydney R. Marovitz Golf Course3.81.7 mi
- Indian Boundary Golf Course4.19.6 mi
- Fashion Outlets of Chicago4.410.5 mi
- Westfield Old Orchard4.57.6 mi
- Water Tower Place4.55.4 mi
- Christkindlmarket Chicago4.26.2 mi
- Eataly4.35.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.