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Chicago city, IL

ZIP 60654 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60654

Median Home Value
$495,900
Median Rent
$2,496
Affordability Snapshot
$137,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,186/mo PITI).

21%
Rent-to-Income Ratio

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

3.4x
Home Price-to-Income Ratio

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

16.6 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 60654 in Chicago city, IL, a household would need roughly $137,000 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 $3,186. That is roughly in line with the local median household income ($144,831). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
34.4%-47% vs US avg
x
Vacancy Rate
11.2%+8% vs US avg
x
Broadband Access
90.4%+4% vs US avg
x
4+ Bedrooms
0.5%-97% vs US avg
x
Built Pre-1939
0.8%-94% vs US avg
x
Built Post-2014
1.9%-72% vs US avg
x
Rent Burden >30%
14.3%-71% vs US avg
x
Mortgage-Free
30.5%-20% vs US avg
x
$495,900
Home Value
$2,496
Rent
2003
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

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

  • 1-unit detached1.8%
  • 1-unit attached0.6%
  • 2-9 units3.6%
  • 10+ units94.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$495,900
Median rent$2,496
Owner-occupied34.4%
Vacant11.2%
Price-to-income3.4x
Est. income to buy$137,000