ZIP comparison · Chicago-Naperville-Elgin, IL-IN
60423 vs 60516
Side-by-side comparison of two ZIP codes — typical home value, rent, yield, taxes, schools, and demographics. The greener number on each row signals which ZIP comes out ahead on that metric.
| Metric | ZIP60423Frankfort, IL | ZIP60516Downers Grove, IL |
|---|---|---|
| Home value | ||
| Typical home value | $496,791 | Better: $497,827 |
| 1-year appreciation | +3.6% | Better: +6.3% |
| 5-year CAGR | Better: +6.3% | +5.7% |
| 10-year CAGR | Better: +4.9% | +4.4% |
| Rent & investment | ||
| Monthly rent | — | $2,041 |
| Gross yield | — | 4.9% |
| Cap rate | — | 3.0% |
| Property tax | ||
| Effective tax rate | 2.2% | Better: 1.6% |
| Typical annual tax | $10,732 | Better: $8,029 |
| Demographics | ||
| Population | 32,836 | 28,062 |
| Median household income | Better: $136,730 | $115,480 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively High | Relatively High |
| Net migration | Better: -1,518 | -3,705 |
| Schools | ||
| Public schools | 11 | 9 |
| Students enrolled | 7,257 | 5,442 |