The story of this market
The typical home in ZIP 60642 sells for about $687,500, or $373 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 47 days to sell. HUD's fair market rent for a two-bedroom is $2,243 a month.
ZIP 60642 — Chicago
The 60642 housing market remains resilient with a healthy median sale price of $687.5K and a notable decline in days on market. Strong demand from professionals working in the nearby Fulton Market and Loop areas continues to drive activity, despite broader economic headwinds. Inventory remains tight, supporting stable price growth.
This ZIP is ideal for young professionals and urban-dwelling families who prioritize proximity to the downtown employment core, vibrant nightlife, and high-end dining options.
Median prices moved up 2.1% year over year.
Homes spend a median of 47 days on market with 3.8 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.6% · poverty 8.9% — a stable, low-distress profile.
Built from 493 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 4.0%/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 4.7%/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 60642, Cook County IL
Crime in the West Town and Near North Side areas of Chicago generally follows urban trends with property crime being the primary concern; safety levels vary significantly by specific block and proximity to major commercial corridors.
The area is served by Chicago Public Schools, featuring a mix of highly-rated selective enrollment options and neighborhood schools with varying performance metrics.
The area is primarily an urban environment with standard municipal flood management; property insurance premiums are influenced by regional urban risk factors and proximity to Lake Michigan.
The area benefits from significant infill development, particularly in the Fulton Market and River West corridors, driven by corporate office relocations and high-density residential projects.
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 Line and multiple bus routes, with major arterial roads providing direct vehicular access to the city center.
The ZIP features proximity to the Chicago Riverwalk, numerous neighborhood parks like Eckhart Park, and the extensive dining and shopping districts of West Town and Fulton Market.
The rental market is highly active with significant inventory in luxury mid-rise buildings; vacancy pressure remains moderate due to consistent demand from young professionals.
The local economy is anchored by the professional services, technology, and hospitality sectors, with significant spillover from the adjacent Fulton Market corporate hub.
The area is well-served by the CTA Blue Line and extensive bus infrastructure, facilitating efficient transit to the Chicago Loop and O'Hare International Airport.
Development is focused on high-density residential and commercial infill, particularly along the Grand Avenue and Milwaukee Avenue corridors.
The Cook County Assessor's Office manages assessments, utilizing a mass appraisal system that categorizes properties by use and location.
Parcels are subject to various taxing bodies including the City of Chicago, Cook County, and Chicago Public Schools, alongside specific TIF districts.
Property insurance markets are stable but sensitive to urban fire risk and regional weather patterns, with premiums reflecting the high density of the area.
Data retrieved from data.census.gov ZCTA-level tables.
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 Pier4.62.5 mi
- Museum of Illusions Chicago4.61.8 mi
- Dave & Buster's Rosemont4.312.3 mi
- Sloomoo Institute - Chicago4.50.8 mi
- Activate Games4.916.1 mi
- Navy Pier4.62.5 mi
- Wrigley Field4.83.3 mi
- United Center4.71.8 mi
- Soldier Field4.53.2 mi
- McCormick Place4.53.8 mi
- Navy Pier4.62.5 mi
- Wrigley Field4.83.3 mi
- Millennium Park4.82 mi
- Shedd Aquarium4.53 mi
- Willis Tower4.51.8 mi
- Navy Pier4.62.5 mi
- Shedd Aquarium4.53 mi
- The Art Institute of Chicago4.82.2 mi
- Field Museum4.73 mi
- Griffin Museum of Science and Industry4.78.4 mi
- Millennium Park4.82 mi
- Garfield Park Conservatory4.83.4 mi
- Maggie Daley Park4.72.2 mi
- Grant Park4.72.5 mi
- Lincoln Park Conservatory4.81.8 mi
- First Lady4.81.7 mi
- Montrose Harbor4.74.4 mi
- DuSable Harbor4.62.4 mi
- Belmont Harbor4.73.1 mi
- Rockwell on the River4.73.2 mi
- Puttery4.71.1 mi
- Douglass (Anna & Frederick) Park4.43.6 mi
- Sydney R. Marovitz Golf Course3.83.6 mi
- Indian Boundary Golf Course4.110.2 mi
- Evanston Golf Club4.710.5 mi
- Fashion Outlets of Chicago4.412.1 mi
- Water Tower Place4.51.6 mi
- Westfield Old Orchard4.512 mi
- Christkindlmarket Chicago4.21.7 mi
- Eataly4.31.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A major community park offering athletic fields and a fieldhouse.
A premier destination for high-end dining and boutique retail.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.