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Chicago city, IL

ZIP 60601 — 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 60601

Median Home Value
$495,400
Median Rent
$2,355
Affordability Snapshot
$136,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,182/mo PITI).

22%
Rent-to-Income Ratio

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

3.9x
Home Price-to-Income Ratio

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

17.5 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 60601 in Chicago city, IL, a household would need roughly $136,000 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 $3,182. That is roughly in line with the local median household income ($127,323). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 10% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
27.0%-59% vs US avg
x
Vacancy Rate
10.2%-1% vs US avg
x
Broadband Access
91.7%+5% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
1.0%-92% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
19.9%-60% vs US avg
x
Mortgage-Free
37.1%-3% vs US avg
x
$495,400
Home Value
$2,355
Rent
2002
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 detached0.7%
  • 1-unit attached0.2%
  • 2-9 units1.6%
  • 10+ units97.5%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$495,400
Median rent$2,355
Owner-occupied27.0%
Vacant10.2%
Price-to-income3.9x
Est. income to buy$136,000