The story of this market
The typical home in ZIP 60654 sells for about $460,000, or $435 per square foot.
Prices are up +4% from a year ago, so sellers still have some momentum. Homes take about 27 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,450 a month.
ZIP 60654 — Chicago
The 60654 housing market remains stable with a balanced pending-to-active ratio, indicating a healthy environment for buyers. Prices have seen modest year-over-year growth, supported by the area's high demand among young professionals. Rental demand remains strong, though inventory levels for sale are currently limited.
Fits young to mid-career professionals, urban commuters, and investors seeking high-density, amenity-rich living in the heart of Chicago's River North neighborhood.
Median prices moved up 4.0% year over year.
Homes spend a median of 27 days on market with 0.0 months of supply — a fast-moving market.
22% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 6.0% — a stable, low-distress profile.
Built from 441 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 1.3%/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 2.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 60654, Cook County IL
The area experiences typical urban crime patterns for downtown Chicago, with property crime being the primary concern; residents generally perceive the high-traffic, commercial-heavy River North area as safe during business hours.
Public schools serving the area are part of Chicago Public Schools, with access to various magnet and selective enrollment options, though many families in this high-density urban core opt for private schooling.
The area is primarily urban with low risk for wildfire; flood risk is managed by city infrastructure, though proximity to the Chicago River requires standard urban flood awareness.
The area serves as a major hub for tech, advertising, and professional services, with ongoing high-rise residential and mixed-use development maintaining high density.
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.
Extremely high walkability and transit accessibility; most residents commute via walking, the CTA 'L' train lines, or short rides to the Loop employment core.
Features immediate access to the Chicago Riverwalk, numerous high-end dining and nightlife districts, and proximity to major shopping on the Magnificent Mile.
The market is dominated by high-rise luxury rentals with high turnover; vacancy pressure is moderate due to constant demand from young professionals.
Anchored by professional services, tech, and creative industries; the area serves as a primary office and residential hub for downtown Chicago.
Excellent connectivity via CTA Brown, Purple, and Red lines; high density of bus routes and pedestrian-friendly infrastructure.
Ongoing focus on mixed-use high-rise development and riverfront infrastructure improvements.
Cook County Assessor manages assessments with a triennial reassessment cycle.
Served by Chicago Public Schools and standard municipal utility districts.
Standard urban property insurance market; premiums reflect high-density construction and urban risk profiles.
Retrieved from data.census.gov ZCTA 60654 profiles.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Major commercial anchor and historic landmark.
Extensive pedestrian waterfront path.
High concentration of art galleries and dining.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.