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Chicago city, IL

ZIP 60641 — Housing & Real Estate

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

Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60641

Median Home Value
$373,200
Median Rent
$1,109
Affordability Snapshot
$103,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,397/mo PITI).

16%
Rent-to-Income Ratio

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

4.6x
Home Price-to-Income Ratio

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

28.0 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 60641 in Chicago city, IL, a household would need roughly $103,000 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 $2,397. That is about 26% above the local median household income ($81,649), 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
52.6%-20% vs US avg
x
Vacancy Rate
7.0%-32% vs US avg
x
Broadband Access
87.1%+0% vs US avg
x
4+ Bedrooms
7.3%-51% vs US avg
x
Built Pre-1939
7.9%-38% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
23.7%-52% vs US avg
x
Mortgage-Free
29.9%-22% vs US avg
x
$373,200
Home Value
$1,109
Rent
1938
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 detached38.2%
  • 1-unit attached2.2%
  • 2-9 units45.1%
  • 10+ units14.4%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$373,200
Median rent$1,109
Owner-occupied52.6%
Vacant7.0%
Price-to-income4.6x
Est. income to buy$103,000