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Chicago city, IL

ZIP 60642 — 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 60642

Median Home Value
$604,200
Median Rent
$2,088
Affordability Snapshot
$166,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,881/mo PITI).

18%
Rent-to-Income Ratio

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

4.3x
Home Price-to-Income Ratio

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

24.1 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 60642 in Chicago city, IL, a household would need roughly $166,000 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 $3,881. That is about 18% above the local median household income ($141,179), 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
32.5%-50% vs US avg
x
Vacancy Rate
6.3%-39% vs US avg
x
Broadband Access
90.9%+4% vs US avg
x
4+ Bedrooms
0.8%-95% vs US avg
x
Built Pre-1939
1.9%-85% vs US avg
x
Built Post-2014
1.1%-85% vs US avg
x
Rent Burden >30%
13.0%-74% vs US avg
x
Mortgage-Free
15.1%-60% vs US avg
x
$604,200
Home Value
$2,088
Rent
1991
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 detached5.1%
  • 1-unit attached4.4%
  • 2-9 units56.0%
  • 10+ units34.0%
  • Mobile home & other0.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$604,200
Median rent$2,088
Owner-occupied32.5%
Vacant6.3%
Price-to-income4.3x
Est. income to buy$166,000