Median home value in zip code 60616 (Chicago, IL) is $331,244, down 2.3% year over year. Part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area.

Home Value$331,244

YoY Change

-2.3%

Prices falling — better for buyers.

Affordability

Enter your income for 60616 (Chicago).

Income (annual)

Down Payment

$66,249 on $331,244

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

Out of reach38.5% of income

Need $103,071/yr to afford.

PITI$2,405

P/I38.5%

Afford$241K

Gap-$90K

P&I $1,675Tax $580Ins $150

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

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

Metro Analysis

60616 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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