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Chicago city, IL

ZIP 60637 — Housing & Real Estate

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

Working ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60637

Median Home Value
$243,700
Median Rent
$1,043
Affordability Snapshot
$67,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,565/mo PITI).

30%
Rent-to-Income Ratio

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

5.8x
Home Price-to-Income Ratio

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

19.5 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 60637 in Chicago city, IL, a household would need roughly $67,000 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 $1,565. That is about 59% above the local median household income ($42,080), 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

Vacancy rate 15% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
26.1%-60% vs US avg
x
Vacancy Rate
15.3%+49% vs US avg
x
Broadband Access
86.9%-0% vs US avg
x
4+ Bedrooms
3.3%-77% vs US avg
x
Built Pre-1939
7.8%-39% vs US avg
x
Built Post-2014
0.4%-95% vs US avg
x
Rent Burden >30%
28.8%-42% vs US avg
x
Mortgage-Free
42.2%+11% vs US avg
x
$243,700
Home Value
$1,043
Rent
1949
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 detached11.2%
  • 1-unit attached4.8%
  • 2-9 units48.6%
  • 10+ units35.1%
  • Mobile home & other0.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$243,700
Median rent$1,043
Owner-occupied26.1%
Vacant15.3%
Price-to-income5.8x
Est. income to buy$67,000