Median home value in zip code 60501 (Summit, IL) is $263,505, up 2.7% year over year. Part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area.

Home Value$263,505

YoY Change

+2.7%

Prices rising — worse for buyers.

Affordability

Enter your income for 60501 (Summit).

Income (annual)

Down Payment

$52,701 on $263,505

Example: $75,000 household income. Change it above to see your own.

Stretch31.1% of income

Above 28% but manageable with cuts.

PITI$1,944

P/I31.1%

Afford$237K

Gap-$26K

P&I $1,332Tax $461Ins $150

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

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

Metro Analysis

60501 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

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