Welcome to our 60620 real estate data hub, tailored for investors in Chicago, IL. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 60620 in Chicago, IL. Discover Section 8 housing opportunities and challenges to maximize your investment potential in COOK COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Chicago, IL real estate investing. Uncover the wealth of information available, and position yourself for success in the Chicago property market.
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Location Overview
- Zip Code: 60620
- City: Chicago
- State: IL
- Metro Area: Chicago-Naperville-Elgin, IL-IN-WI
- County Name: COOK COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $145,249
- Average Home Price (Single Family Homes): $146,192
- Average Monthly Rental Price (All Types): $1,124
- Price-to-Rent Ratio: 11
- Zillow Projected % appreciation from 4/2023-4/2024: -5.5%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,200
- Average 3 Bedroom Section 8 Rental Rates: $1,520
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 10.09
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 7.96
- Number of Units Offered in Section 8 in the County: 43099
- Number of Occupied Units in Section 8 in the County: 40727
- Percentage of Section 8 Units Occupied in the County: 94.5%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 172.92
- Total % Appreciation since 2000 (Government Data): 82.24
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.19%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -3.24%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 32.1%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 53.2%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 237.8%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 108.14%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 205.44%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -3.07%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 3.13%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 16.76%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 25.75%