Welcome to our 60622 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 60622 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: 60622
- 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): $498,228
- Average Home Price (Single Family Homes): $584,673
- Average Monthly Rental Price (All Types): $2,167
- Price-to-Rent Ratio: 19
- Zillow Projected % appreciation from 4/2023-4/2024: -1.7%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,950
- Average 3 Bedroom Section 8 Rental Rates: $2,470
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 21.29
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 16.81
- 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): 426.36
- Total % Appreciation since 2000 (Government Data): 137.31
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.81%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -4.68%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 11.08%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 10.81%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 58.24%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 32.91%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 68.09%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 2.25%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 7.23%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 13.99%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 21.32%