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Chicago city, IL

ZIP 60645 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60645

Median Home Value
$308,200
Median Rent
$1,296
Affordability Snapshot
$85,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,980/mo PITI).

20%
Rent-to-Income Ratio

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

4.0x
Home Price-to-Income Ratio

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

19.8 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 60645 in Chicago city, IL, a household would need roughly $85,000 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 $1,980. That is roughly in line with the local median household income ($77,126). 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
51.6%-21% vs US avg
x
Vacancy Rate
8.4%-18% vs US avg
x
Broadband Access
91.0%+5% vs US avg
x
4+ Bedrooms
4.3%-71% vs US avg
x
Built Pre-1939
7.1%-45% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
21.8%-56% vs US avg
x
Mortgage-Free
38.3%+0% vs US avg
x
$308,200
Home Value
$1,296
Rent
1953
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached22.6%
  • 1-unit attached4.2%
  • 2-9 units44.7%
  • 10+ units28.5%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$308,200
Median rent$1,296
Owner-occupied51.6%
Vacant8.4%
Price-to-income4.0x
Est. income to buy$85,000