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Chicago city, IL

ZIP 60651 — Housing & Real Estate

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

Working ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60651

Median Home Value
$262,700
Median Rent
$992
Affordability Snapshot
$72,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,688/mo PITI).

22%
Rent-to-Income Ratio

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

5.0x
Home Price-to-Income Ratio

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

22.1 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 60651 in Chicago city, IL, a household would need roughly $72,000 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 $1,688. That is about 36% above the local median household income ($52,963), 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
45.8%-30% vs US avg
x
Vacancy Rate
8.8%-15% vs US avg
x
Broadband Access
82.7%-5% vs US avg
x
4+ Bedrooms
9.0%-39% vs US avg
x
Built Pre-1939
11.0%-14% vs US avg
x
Built Post-2014
0.5%-92% vs US avg
x
Rent Burden >30%
34.0%-32% vs US avg
x
Mortgage-Free
33.9%-11% vs US avg
x
$262,700
Home Value
$992
Rent
1938
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 detached28.6%
  • 1-unit attached1.0%
  • 2-9 units62.7%
  • 10+ units7.2%
  • Mobile home & other0.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$262,700
Median rent$992
Owner-occupied45.8%
Vacant8.8%
Price-to-income5.0x
Est. income to buy$72,000