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Chicago city, IL

ZIP 60624 — Housing & Real Estate

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

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60624

Median Home Value
$223,200
Median Rent
$953
Affordability Snapshot
$61,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,434/mo PITI).

35%
Rent-to-Income Ratio

Above the 30% affordability threshold — housing cost-burdened area.

6.8x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

19.5 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 60624 in Chicago city, IL, a household would need roughly $61,000 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 $1,434. That is about 87% above the local median household income ($32,607), 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

Vacancy rate 17% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
26.4%-60% vs US avg
x
Vacancy Rate
17.3%+68% vs US avg
x
Broadband Access
81.2%-7% vs US avg
x
4+ Bedrooms
5.0%-66% vs US avg
x
Built Pre-1939
6.0%-53% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
39.7%-20% vs US avg
x
Mortgage-Free
37.3%-2% vs US avg
x
$223,200
Home Value
$953
Rent
1941
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached11.2%
  • 1-unit attached2.0%
  • 2-9 units66.1%
  • 10+ units20.6%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$223,200
Median rent$953
Owner-occupied26.4%
Vacant17.3%
Price-to-income6.8x
Est. income to buy$61,000