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Downers Grove village, IL

ZIP 60515 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60515

Median Home Value
$453,300
Median Rent
$1,527
Affordability Snapshot
$125,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,912/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.7x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

24.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 60515 in Downers Grove village, IL, a household would need roughly $125,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,912. That is roughly in line with the local median household income ($121,358). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
76.9%+18% vs US avg
x
Vacancy Rate
4.0%-61% vs US avg
x
Broadband Access
92.5%+6% vs US avg
x
4+ Bedrooms
9.4%-36% vs US avg
x
Built Pre-1939
4.4%-66% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
24.2%-51% vs US avg
x
Mortgage-Free
36.8%-4% vs US avg
x
$453,300
Home Value
$1,527
Rent
1968
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached64.2%
  • 1-unit attached3.1%
  • 2-9 units3.7%
  • 10+ units28.8%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$453,300
Median rent$1,527
Owner-occupied76.9%
Vacant4.0%
Price-to-income3.7x
Est. income to buy$125,000