HousingHandbookReference data

U.S. ZIP Code · IL60424

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

Typical home value

$239,891[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.1%
5-year / yr
+5.0%
10-year / yr
+5.0%

Relative price

vs U.S.
-15.6%
vs metro
-28.8%
vs state
+25.4%
ZIP 60424 location in IL
Location of ZIP 60424 in IL

Price history

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

The typical home in 60424 is worth $239,891 — 28.8% below the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 2.1%. The effective property tax rate is 1.8%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
1.8%[3]
Typical annual tax
$4,335[3]

#Climate risk

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

Overall risk
Relatively Low[4]
Riverine flood
Relatively Low
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively Low
Heat wave
Relatively Low
Hurricane
Very Low
Tornado
Relatively Moderate
Earthquake
Very Low
Winter weather
Relatively Low

#Who lives here

Population
2,153[3]
Median household income
$83,250[3]

#Migration

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

Net migration
-1[5]
Moved in
1,580
Moved out
1,581

Schools

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

Public schools
2
Elementary
1
Middle
0
High
1
  • Gardner Elem School

    Elementary · Grades PK–8 · Gardner CCSD 72C

    145 students

  • Gardner-South Wilmington Twp H S

    High · Grades 9–12 · Gardner S Wilmington Twp HSD 73

    142 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 yield
Net yield (after ~40% expenses)
Annual rent

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$1,213
Loan principal$191,913
Down payment$47,978
Total interest paid$244,774

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 ratio
Monthly cost to own$1,775
Monthly rent

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
27th percentile[1]
Rental yield
[2]
Property tax
39th percentile[3]

Frequently asked

How much is a home worth in ZIP code 60424?
The typical home in 60424 is worth $239,891, based on the Zillow Home Value Index.
Are home values rising in 60424?
Home values in 60424 are up 2.1% over the past year, and up 5.0% a year over five years.
What is the property tax rate in 60424?
The effective property tax rate in 60424 is 1.8% — roughly $4,335 a year on a typical home.
Who lives in 60424?
ZIP code 60424 has a population of 2,153 and a median household income of $83,250.

#Comparable ZIPs

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

  • Hobart, IN

    Typical home
    $238,639
    Gross yield
    6.5%
  • Merrillville, IN

    Typical home
    $242,094
    Gross yield
    7.7%
  • Rensselaer, IN

    Typical home
    $244,779
    Gross yield
  • Aurora, IL

    Typical home
    $247,724
    Gross yield
    8.5%
  • Chicago, IL

    Typical home
    $247,911
    Gross yield
    7.8%
  • Waukegan, IL

    Typical home
    $231,476
    Gross yield
    8.4%

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