How much is a home worth in ZIP code 60402?

The typical home in 60402 is worth $307,337, based on the Zillow Home Value Index.

Are home values rising in 60402?

Home values in 60402 are up 5.5% over the past year, and up 4.7% a year over five years.

What is the typical rent in 60402?

A typical home in 60402 rents for about $1,424 a month, a gross rental yield of 5.6%.

What is the property tax rate in 60402?

The effective property tax rate in 60402 is 2.2% — roughly $6,903 a year on a typical home.

ZIP code 60402 has a population of 63,721 and a median household income of $77,718.

HousingHandbookReference data

…

U.S. ZIP Code · IL60402

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

Typical home value

$307,337^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +5.5%
5-year / yr: +4.7%
10-year / yr: +6.1%

Relative price

vs U.S.: +8.2%
vs metro: -8.8%
vs state: +60.7%

Price history

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

The typical home in 60402 is worth $307,337 — 8.8% below the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 5.5%. Homes here rent for a typical $1,424 a month — a 5.6% gross rental yield. The effective property tax rate is 2.2%.

#Rent & investment

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

Monthly rent: $1,424^[2]
Gross yield: 5.6%^[2]
Cap rate: 3.3%^[2]

#Property tax

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

Effective tax rate: 2.2%^[3]
Typical annual tax: $6,903^[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: 63,721^[3]
Median household income: $77,718^[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: 15
Elementary: 11
Middle: 3
High: 1

J Sterling Morton West High Sch
High · Grades 9–12 · J S Morton HSD 201
3,497 students
Lincoln Middle School
Middle · Grades 6–8 · Berwyn North SD 98
791 students
Prairie Oak School
Elementary · Grades PK–5 · Berwyn North SD 98
724 students
Freedom Middle School
Middle · Grades 6–8 · Berwyn South SD 100
502 students
Karel Havlicek Elem School
Elementary · Grades PK–5 · Berwyn North SD 98
502 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.

Home value$Monthly rent$

Gross yield5.6%

Net yield (after ~40% expenses)3.3%

Annual rent$17,093

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,554

Loan principal$245,870

Down payment$61,467

Total interest paid$313,594

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.68

Monthly cost to own$2,386

Monthly rent$1,424

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: 22nd percentile^[1]
Rental yield: 21st percentile^[2]
Property tax: 78th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 60402?: The typical home in 60402 is worth $307,337, based on the Zillow Home Value Index.
Are home values rising in 60402?: Home values in 60402 are up 5.5% over the past year, and up 4.7% a year over five years.
What is the typical rent in 60402?: A typical home in 60402 rents for about $1,424 a month, a gross rental yield of 5.6%.
What is the property tax rate in 60402?: The effective property tax rate in 60402 is 2.2% — roughly $6,903 a year on a typical home.
Who lives in 60402?: ZIP code 60402 has a population of 63,721 and a median household income of $77,718.

#Comparable ZIPs

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

60545 vs 60402 →
Plano, IL
Typical home
$307,368
Gross yield
8.6%
60135 vs 60402 →
Genoa, IL
Typical home
$306,981
Gross yield
—
46310
Roselawn CDP, IN
Typical home
$306,902
Gross yield
—
60459
Burbank, IL
Typical home
$306,531
Gross yield
—
60176
Schiller Park, IL
Typical home
$308,347
Gross yield
7.1%
60123
Elgin, IL
Typical home
$308,388
Gross yield
6.4%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

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Pit ZIP 60402 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · IL60402

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