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Chicago city, IL

ZIP 60618 — Housing & Real Estate

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

Upper Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60618

Median Home Value
$538,300
Median Rent
$1,367
Affordability Snapshot
$148,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,458/mo PITI).

16%
Rent-to-Income Ratio

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

5.3x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

32.8 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 60618 in Chicago city, IL, a household would need roughly $148,000 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 $3,458. That is about 46% above the local median household income ($101,558), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
48.6%-26% vs US avg
x
Vacancy Rate
8.1%-22% vs US avg
x
Broadband Access
91.6%+5% vs US avg
x
4+ Bedrooms
4.8%-68% vs US avg
x
Built Pre-1939
4.6%-64% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
15.6%-69% vs US avg
x
Mortgage-Free
24.5%-36% vs US avg
x
$538,300
Home Value
$1,367
Rent
1938
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached22.9%
  • 1-unit attached2.4%
  • 2-9 units61.4%
  • 10+ units13.3%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$538,300
Median rent$1,367
Owner-occupied48.6%
Vacant8.1%
Price-to-income5.3x
Est. income to buy$148,000