The story of this market
The typical home in ZIP 60651 sells for about $379,000, or $235 per square foot.
Prices are up +9.86% from a year ago, so sellers still have some momentum. Homes take about 33 days to sell. HUD's fair market rent for a two-bedroom is $1,264 a month.
ZIP 60651 — Chicago
The 60651 housing market shows signs of resilience with a 9.86% year-over-year price increase, though it remains a price-sensitive area with elevated poverty and vacancy rates. Market activity is brisk with a 33-day median time on market, driven by demand for affordable entry-level housing. Investors should note that while rental demand is present, management overhead and property-specific fundamentals require careful due diligence.
This ZIP is well-suited for budget-conscious family buyers and investors seeking entry-level housing stock with transit access to the Chicago employment core.
Median prices moved up 9.9% 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 13.3% · poverty 25.8% — elevated distress and economic pressure.
Built from 602 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 8.5%/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 4.4%/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 60651, Cook County IL
Crime trends in the area remain a significant concern for residents, with rates generally higher than the national average and regional benchmarks.
Public schools serving the area are characterized by mixed performance ratings, with many institutions facing challenges in meeting state academic benchmarks.
The area is primarily urban with standard municipal flood and wind risk profiles; property insurance premiums are influenced by regional urban density and historical claim patterns.
Economic momentum is driven by proximity to Chicago's central business district, though local development is largely infill-focused rather than large-scale corporate expansion.
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 CTA Green Line and various bus corridors, providing direct transit access to the Chicago Loop and surrounding employment hubs.
The area features several local parks and community centers, with proximity to larger regional amenities like Humboldt Park offering trails and green space.
The rental market shows moderate vacancy pressure with a recent slight decline in median asking rents, reflecting a competitive but price-sensitive tenant base.
The local economy is supported by a mix of small businesses, retail, and service-sector employment, with many residents commuting to the broader Chicago metro area.
The area is well-served by the CTA transit network, including the Green Line and multiple bus routes connecting to the downtown core.
Development is characterized by adaptive reuse of existing structures and small-scale residential infill projects.
Cook County utilizes a triennial reassessment cycle for property valuations, with assessments based on market data and property characteristics.
Parcels are subject to Chicago Public Schools (District 299) and various municipal utility and special service area taxes.
Property insurance costs are typical for the Chicago urban market, with premiums reflecting regional hazard exposure and urban density.
Data retrieved from US Census Bureau 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 Pier4.67.1 mi
- Museum of Illusions Chicago4.66.1 mi
- Dave & Buster's Rosemont4.38.3 mi
- Sloomoo Institute - Chicago4.55.4 mi
- Activate Games4.911.7 mi
- Navy Pier4.67.1 mi
- Wrigley Field4.85.5 mi
- United Center4.73.8 mi
- Soldier Field4.57 mi
- McCormick Place4.57.3 mi
- Navy Pier4.67.1 mi
- Wrigley Field4.85.5 mi
- Millennium Park4.86.3 mi
- Shedd Aquarium4.57 mi
- Willis Tower4.55.7 mi
- Navy Pier4.67.1 mi
- Shedd Aquarium4.57 mi
- The Art Institute of Chicago4.86.3 mi
- Field Museum4.76.9 mi
- Griffin Museum of Science and Industry4.711.3 mi
- Millennium Park4.86.3 mi
- Garfield Park Conservatory4.81.7 mi
- Maggie Daley Park4.76.5 mi
- Grant Park4.76.6 mi
- Lincoln Park Conservatory4.85.7 mi
- First Lady4.86.1 mi
- Montrose Harbor4.76.8 mi
- DuSable Harbor4.66.8 mi
- Belmont Harbor4.76.1 mi
- Rockwell on the River4.73.5 mi
- Puttery4.74.8 mi
- White Pines Golf Club4.110.9 mi
- Douglass (Anna & Frederick) Park4.43.5 mi
- Sydney R. Marovitz Golf Course3.86.2 mi
- Indian Boundary Golf Course4.15.8 mi
- Fashion Outlets of Chicago4.48.2 mi
- Oakbrook Center4.611.5 mi
- Water Tower Place4.56.1 mi
- Westfield Old Orchard4.510.8 mi
- Christkindlmarket Chicago4.25.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Large regional park featuring lagoons, trails, and sports facilities serving the area.
Community anchor providing educational and public resources.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.