HousingHandbookReference data

U.S. ZIP Code · IL60202

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

Typical home value

$396,284[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+6.1%
5-year / yr
+4.4%
10-year / yr
+3.6%

Relative price

vs U.S.
+39.5%
vs metro
+17.6%
vs state
+107.2%
ZIP 60202 location in IL
Location of ZIP 60202 in IL

Price history

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

The typical home in 60202 is worth $396,284 — 17.6% above the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 6.1%. Homes here rent for a typical $2,177 a month — a 6.6% gross rental yield. The effective property tax rate is 1.9%.

#Rent & investment

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

Monthly rent
$2,177[2]
Gross yield
6.6%[2]
Cap rate
4.0%[2]

#Property tax

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

Effective tax rate
1.9%[3]
Typical annual tax
$7,336[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
32,341[3]
Median household income
$98,989[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
9
Elementary
4
Middle
3
High
1
  • Nichols Middle School

    Middle · Grades 6–8 · Evanston CCSD 65

    637 students

  • Chute Middle School

    Middle · Grades 6–8 · Evanston CCSD 65

    597 students

  • Washington Elem School

    Elementary · Grades K–5 · Evanston CCSD 65

    424 students

  • Lincoln Elem School

    Elementary · Grades K–5 · Evanston CCSD 65

    390 students

  • Oakton Elem School

    Elementary · Grades K–5 · Evanston CCSD 65

    375 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 yield6.6%
Net yield (after ~40% expenses)4.0%
Annual rent$26,125

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$2,004
Loan principal$317,027
Down payment$79,257
Total interest paid$404,351

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 ratio1.35
Monthly cost to own$2,945
Monthly rent$2,177

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
20th percentile[1]
Rental yield
43rd percentile[2]
Property tax
43rd percentile[3]

Frequently asked

How much is a home worth in ZIP code 60202?
The typical home in 60202 is worth $396,284, based on the Zillow Home Value Index.
Are home values rising in 60202?
Home values in 60202 are up 6.1% over the past year, and up 4.4% a year over five years.
What is the typical rent in 60202?
A typical home in 60202 rents for about $2,177 a month, a gross rental yield of 6.6%.
What is the property tax rate in 60202?
The effective property tax rate in 60202 is 1.9% — roughly $7,336 a year on a typical home.
Who lives in 60202?
ZIP code 60202 has a population of 32,341 and a median household income of $98,989.

#Comparable ZIPs

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

  • Palos Heights, IL

    Typical home
    $396,025
    Gross yield
  • Chicago, IL

    Typical home
    $394,931
    Gross yield
    8.4%
  • Hampshire, IL

    Typical home
    $394,316
    Gross yield
    7.7%
  • Manhattan, IL

    Typical home
    $393,791
    Gross yield
  • Tinley Park, IL

    Typical home
    $393,526
    Gross yield
  • North Aurora, IL

    Typical home
    $399,343
    Gross yield
    7.1%

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