Median home value is about $538,300 — about 55% above the U.S. median home value ($348,079).
Housing tenure and rents show median gross rent around $1,367 (about 18% above the U.S. median rent ($1,163)), and owner-occupancy near 48.6% (about 16.8 points below the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 60618 in Chicago, IL, a household would need roughly $148,000 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 $3,458. That is about 46% above the local median household income ($101,558), 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.