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ZIP Code 60642

Learn about the people, housing, costs and businesses in 60642

Median Home$579,498
Median Rent$2,173/month
Population23,636
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services31% healthcare
Home Value Growth⬆⬆+18.8% over 2 years
Young Adults63% of residentstop 1% nationally
Renters65% of occupied units
NotableHighly Educated52% bachelor's · 18% graduate · top 1% nationally
NotableHigh Incomes$141k/year · top 5% nationally
ZIP Code
60642

Frequently Asked Questions

What are today's mortgage rates in ZIP code 60642?

As of today, the 30-year fixed mortgage rate for ZIP code 60642 is approximately 6.923% (6.946% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for ZIP code 60642
What is the median home price in ZIP code 60642?

The median home value in ZIP code 60642 is $579k. The median monthly rent is $2,173. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in ZIP code 60642?

Home values in ZIP code 60642 have increased 18.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in ZIP code 60642?

Based on a typical all-in ownership cost of $2,420/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $104k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in ZIP code 60642 is $141k/year.

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What industries drive the economy in ZIP code 60642?

The largest employment sectors in ZIP code 60642 are healthcare (31%) and arts, food, and hospitality (28%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

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