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Chicago city, IL

ZIP 60646 — 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 60646

Median Home Value
$493,600
Median Rent
$1,112
Affordability Snapshot
$136,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,171/mo PITI).

12%
Rent-to-Income Ratio

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

4.4x
Home Price-to-Income Ratio

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

37.0 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 60646 in Chicago city, IL, a household would need roughly $136,000 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 $3,171. That is about 22% above the local median household income ($111,115), 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

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
79.1%+21% vs US avg
x
Vacancy Rate
4.8%-54% vs US avg
x
Broadband Access
90.8%+4% vs US avg
x
4+ Bedrooms
5.6%-62% vs US avg
x
Built Pre-1939
16.5%+29% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
10.1%-80% vs US avg
x
Mortgage-Free
38.5%+1% vs US avg
x
$493,600
Home Value
$1,112
Rent
1953
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached68.2%
  • 1-unit attached3.5%
  • 2-9 units18.3%
  • 10+ units10.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$493,600
Median rent$1,112
Owner-occupied79.1%
Vacant4.8%
Price-to-income4.4x
Est. income to buy$136,000