Median home value in zip code 60541 (Newark, IL) is $386K, up 6.1% 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$385,991

YoY Change

+6.1%

AFFORDABILITY

Enter your income for 60541 (Newark).

Income (annual)

Down Payment

$77,198 on $385,991

Out of reach — 44.4% of income

Need $119,014/yr to afford.

PITI$2,777

P/I44.4%

Afford$243K

Gap-$143K

P&I $1,952Tax $675Ins $150

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

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

Metro Analysis

60541 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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