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ZIP Code 60647

Learn about the people, housing, costs and businesses in 60647

Median Home$591,054
Median Rent$1,818/month
Population85,312
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services20% arts, food & hospitality
Home Value Growth+10.4% over 2 years
Young Adults50% of residentstop 3% nationally
Renters60% of occupied units
NotableHighly Educated38% bachelor's · 17% graduate · top 3% nationally
NotableHigh Incomes$112k/year · top 12% nationally
ZIP Code
60647

Frequently Asked Questions

What are today's mortgage rates in ZIP code 60647?

As of today, the 30-year fixed mortgage rate for ZIP code 60647 is approximately 6.911% (6.934% 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 60647
What is the median home price in ZIP code 60647?

The median home value in ZIP code 60647 is $591k. The median monthly rent is $1,818. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in ZIP code 60647?

Home values in ZIP code 60647 have increased 10.4% 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 60647?

Based on a typical all-in ownership cost of $2,072/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $89k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in ZIP code 60647 is $112k/year.

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What industries drive the economy in ZIP code 60647?

The largest employment sectors in ZIP code 60647 are healthcare (23%) and public administration (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

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