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Chicago city, IL

ZIP 60653 — Housing & Real Estate

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

Working ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60653

Median Home Value
$347,800
Median Rent
$733
Affordability Snapshot
$96,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,234/mo PITI).

22%
Rent-to-Income Ratio

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

8.8x
Home Price-to-Income Ratio

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

39.5 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 60653 in Chicago city, IL, a household would need roughly $96,000 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 $2,234. That is about 143% above the local median household income ($39,565), 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
30.9%-53% vs US avg
x
Vacancy Rate
7.9%-23% vs US avg
x
Broadband Access
84.2%-3% vs US avg
x
4+ Bedrooms
4.6%-69% vs US avg
x
Built Pre-1939
5.4%-58% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
25.2%-49% vs US avg
x
Mortgage-Free
16.2%-58% vs US avg
x
$347,800
Home Value
$733
Rent
1972
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached11.6%
  • 1-unit attached8.4%
  • 2-9 units36.8%
  • 10+ units43.1%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$347,800
Median rent$733
Owner-occupied30.9%
Vacant7.9%
Price-to-income8.8x
Est. income to buy$96,000