Median home value in zip code 60160 (Melrose Park, IL) is $306K, up 1.1% year over year. Part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area.

Full stress scores, AI analysis, and 12-month forecast: Chicago-Naperville-Elgin, IL-IN-WI metro →

Home Value$305,784

YoY Change

+1.1%

AFFORDABILITY

Enter your income for 60160 (Melrose Park).

Income (annual)

Down Payment

$61,157 on $305,784

Stretch — 35.7% of income

Above 28% but manageable with cuts.

PITI$2,231

P/I35.7%

Afford$240K

Gap-$66K

P&I $1,546Tax $535Ins $150

6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

60160 is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

View Chicago-Naperville-Elgin, IL-IN-WI analysis

Want deeper metro-level analysis?Stress scores, crash risk, 12-month forecasts, and early warning signals for 195 US metros.

Try Free