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Western Springs village, IL

ZIP 60558 — Housing & Real Estate

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

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60558

Median Home Value
$691,300
Median Rent
$1,775
Affordability Snapshot
$190,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,441/mo PITI).

10%
Rent-to-Income Ratio

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

3.2x
Home Price-to-Income Ratio

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

32.5 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 60558 in Western Springs village, IL, a household would need roughly $190,000 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 $4,441. That sits below the local median household income ($218,839), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
95.5%+46% vs US avg
x
Vacancy Rate
2.0%-80% vs US avg
x
Broadband Access
97.5%+12% vs US avg
x
4+ Bedrooms
13.1%-11% vs US avg
x
Built Pre-1939
5.8%-55% vs US avg
x
Built Post-2014
0.7%-89% vs US avg
x
Rent Burden >30%
11.9%-76% vs US avg
x
Mortgage-Free
31.2%-18% vs US avg
x
$691,300
Home Value
$1,775
Rent
1960
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

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

  • 1-unit detached88.7%
  • 1-unit attached5.5%
  • 2-9 units2.2%
  • 10+ units3.0%
  • Mobile home & other0.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$691,300
Median rent$1,775
Owner-occupied95.5%
Vacant2.0%
Price-to-income3.2x
Est. income to buy$190,000