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Chicago city, IL

ZIP 60657 — Housing & Real Estate

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

Upper Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60657

Median Home Value
$534,500
Median Rent
$1,740
Affordability Snapshot
$147,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,433/mo PITI).

19%
Rent-to-Income Ratio

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

4.9x
Home Price-to-Income Ratio

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

25.6 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 60657 in Chicago city, IL, a household would need roughly $147,000 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 $3,433. That is about 35% above the local median household income ($109,025), 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
38.0%-42% vs US avg
x
Vacancy Rate
6.2%-40% vs US avg
x
Broadband Access
94.9%+9% vs US avg
x
4+ Bedrooms
2.5%-83% vs US avg
x
Built Pre-1939
2.4%-81% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
17.0%-66% vs US avg
x
Mortgage-Free
25.4%-33% vs US avg
x
$534,500
Home Value
$1,740
Rent
1962
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 detached7.8%
  • 1-unit attached3.4%
  • 2-9 units34.6%
  • 10+ units54.2%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$534,500
Median rent$1,740
Owner-occupied38.0%
Vacant6.2%
Price-to-income4.9x
Est. income to buy$147,000