HousingHandbookReference data

U.S. ZIP Code · IL60120

Cook County · Chicago-Naperville-Elgin, IL-IN

Typical home value

$297,530[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.0%
5-year / yr
+6.9%
10-year / yr
+7.1%

Relative price

vs U.S.
+4.7%
vs metro
-11.7%
vs state
+55.6%
ZIP 60120 location in IL
Location of ZIP 60120 in IL

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 60120 is worth $297,530 — 11.7% below the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 3.0%. Homes here rent for a typical $1,594 a month — a 6.4% gross rental yield. The effective property tax rate is 2.0%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,594[2]
Gross yield
6.4%[2]
Cap rate
3.9%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
2.0%[3]
Typical annual tax
$5,997[3]

#Climate risk

FEMA National Risk Index ratings for Cook County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Very High[4]
Riverine flood
Very High
Coastal flood
Relatively Low
Wildfire
Very Low
Drought
Very Low
Heat wave
Very High
Hurricane
Very Low
Tornado
Very High
Earthquake
Relatively High
Winter weather
Very High

#Who lives here

Population
51,225[3]
Median household income
$82,449[3]

#Migration

Household moves in and out of Cook County over a year, from IRS tax-return data.

Net migration
-14,346[5]
Moved in
86,012
Moved out
100,358

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
16
Elementary
8
Middle
2
High
6
  • Elgin High School

    High · Grades 9–12 · SD U-46

    2,724 students

  • Lords Park Elem School

    Elementary · Grades PK–6 · SD U-46

    679 students

  • Coleman Elem School

    Elementary · Grades PK–6 · SD U-46

    655 students

  • Huff Elem School

    Elementary · Grades PK–6 · SD U-46

    595 students

  • Larsen Middle School

    Middle · Grades 7–8 · SD U-46

    546 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield6.4%
Net yield (after ~40% expenses)3.9%
Annual rent$19,132

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,504
Loan principal$238,024
Down payment$59,506
Total interest paid$303,587

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.41
Monthly cost to own$2,253
Monthly rent$1,594

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
78th percentile[1]
Rental yield
38th percentile[2]
Property tax
57th percentile[3]

Frequently asked

How much is a home worth in ZIP code 60120?
The typical home in 60120 is worth $297,530, based on the Zillow Home Value Index.
Are home values rising in 60120?
Home values in 60120 are up 3.0% over the past year, and up 6.9% a year over five years.
What is the typical rent in 60120?
A typical home in 60120 rents for about $1,594 a month, a gross rental yield of 6.4%.
What is the property tax rate in 60120?
The effective property tax rate in 60120 is 2.0% — roughly $5,997 a year on a typical home.
Who lives in 60120?
ZIP code 60120 has a population of 51,225 and a median household income of $82,449.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Berkeley, IL

    Typical home
    $297,804
    Gross yield
  • Crete, IL

    Typical home
    $296,532
    Gross yield
  • Fox Lake, IL

    Typical home
    $300,102
    Gross yield
  • Schaumburg, IL

    Typical home
    $293,884
    Gross yield
    7.8%
  • Oak Forest, IL

    Typical home
    $293,025
    Gross yield
    7.2%
  • Tinley Park, IL

    Typical home
    $302,582
    Gross yield
    7.2%

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