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Chicago city, IL

ZIP 60656 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60656

Median Home Value
$344,400
Median Rent
$1,326
Affordability Snapshot
$95,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,212/mo PITI).

18%
Rent-to-Income Ratio

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

3.9x
Home Price-to-Income Ratio

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

21.6 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 60656 in Chicago city, IL, a household would need roughly $95,000 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 $2,212. That is roughly in line with the local median household income ($88,000). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
64.3%-2% vs US avg
x
Vacancy Rate
3.5%-66% vs US avg
x
Broadband Access
91.6%+5% vs US avg
x
4+ Bedrooms
2.0%-87% vs US avg
x
Built Pre-1939
12.2%-5% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
21.5%-57% vs US avg
x
Mortgage-Free
38.5%+1% vs US avg
x
$344,400
Home Value
$1,326
Rent
1965
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached44.8%
  • 1-unit attached2.3%
  • 2-9 units26.7%
  • 10+ units25.9%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$344,400
Median rent$1,326
Owner-occupied64.3%
Vacant3.5%
Price-to-income3.9x
Est. income to buy$95,000