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ZIP Code 60942

Learn about the people, housing, costs and businesses in 60942

Median Home$80,044
Median Rent$878/month
Population5,190
Leading IndustriesProfessional Services · Healthcare · Transportation8% professional services
Home Value Growth⬆⬆+16.3% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners69% of occupied units
NotableAffordable Market$80k median home · lower cost than 98% of the country
ZIP Code
60942

Frequently Asked Questions

What are today's mortgage rates in ZIP code 60942?

As of today, the 30-year fixed mortgage rate for ZIP code 60942 is approximately 7.625% (7.673% 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 60942
What is the median home price in ZIP code 60942?

The median home value in ZIP code 60942 is $80k. The median monthly rent is $878. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in ZIP code 60942?

Home values in ZIP code 60942 have increased 16.3% 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 60942?

Based on a typical all-in ownership cost of $867/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in ZIP code 60942 is $61k/year.

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What industries drive the economy in ZIP code 60942?

The largest employment sectors in ZIP code 60942 are healthcare (14%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.