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Chicago city, IL

ZIP 60622 — 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 60622

Median Home Value
$622,900
Median Rent
$1,763
Affordability Snapshot
$171,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,001/mo PITI).

17%
Rent-to-Income Ratio

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

5.0x
Home Price-to-Income Ratio

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

29.4 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 60622 in Chicago city, IL, a household would need roughly $171,000 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 $4,001. That is about 37% above the local median household income ($124,852), 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
42.0%-36% vs US avg
x
Vacancy Rate
7.4%-28% vs US avg
x
Broadband Access
95.1%+9% vs US avg
x
4+ Bedrooms
3.5%-76% vs US avg
x
Built Pre-1939
3.2%-75% vs US avg
x
Built Post-2014
0.7%-89% vs US avg
x
Rent Burden >30%
13.6%-73% vs US avg
x
Mortgage-Free
21.1%-45% vs US avg
x
$622,900
Home Value
$1,763
Rent
1946
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

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

  • 1-unit detached11.3%
  • 1-unit attached2.5%
  • 2-9 units74.0%
  • 10+ units11.9%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$622,900
Median rent$1,763
Owner-occupied42.0%
Vacant7.4%
Price-to-income5.0x
Est. income to buy$171,000