How much is a home worth in ZIP code 60431?

The typical home in 60431 is worth $351,823, based on the Zillow Home Value Index.

Are home values rising in 60431?

Home values in 60431 are up 3.2% over the past year, and up 5.8% a year over five years.

What is the typical rent in 60431?

A typical home in 60431 rents for about $2,869 a month, a gross rental yield of 9.8%.

What is the property tax rate in 60431?

The effective property tax rate in 60431 is 2.1% — roughly $7,360 a year on a typical home.

ZIP code 60431 has a population of 27,138 and a median household income of $122,870.

HousingHandbookReference data

…

U.S. ZIP Code · IL60431

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

Typical home value

$351,823^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.2%
5-year / yr: +5.8%
10-year / yr: +5.5%

Relative price

vs U.S.: +23.9%
vs metro: +4.4%
vs state: +84.0%

Price history

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

The typical home in 60431 is worth $351,823 — 4.4% above the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 3.2%. Homes here rent for a typical $2,869 a month — a 9.8% gross rental yield. The effective property tax rate is 2.1%.

#Rent & investment

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

Monthly rent: $2,869^[2]
Gross yield: 9.8%^[2]
Cap rate: 5.9%^[2]

#Property tax

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

Effective tax rate: 2.1%^[3]
Typical annual tax: $7,360^[3]

#Climate risk

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

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

#Who lives here

Population: 27,138^[3]
Median household income: $122,870^[3]

#Migration

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

Net migration: -1,518^[5]
Moved in: 16,610
Moved out: 18,128

Schools

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

Public schools: 8
Elementary: 5
Middle: 2
High: 1

Aux Sable Middle Sch
Middle · Grades 6–8 · Plainfield SD 202
848 students
Thomas Jefferson Elem Sch
Elementary · Grades K–5 · Plainfield SD 202
613 students
Jones Elementary School
Elementary · Grades K–4 · Minooka CCSD 201
565 students
Grand Prairie Elem School
Elementary · Grades K–5 · Plainfield SD 202
538 students
Troy Craughwell School
Elementary · Grades PK–4 · Troy CCSD 30C
503 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 yield9.8%

Net yield (after ~40% expenses)5.9%

Annual rent$34,428

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$1,779

Loan principal$281,458

Down payment$70,365

Total interest paid$358,984

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 ratio0.94

Monthly cost to own$2,685

Monthly rent$2,869

Owning 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: 49th percentile^[1]
Rental yield: 88th percentile^[2]
Property tax: 63rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 60431?: The typical home in 60431 is worth $351,823, based on the Zillow Home Value Index.
Are home values rising in 60431?: Home values in 60431 are up 3.2% over the past year, and up 5.8% a year over five years.
What is the typical rent in 60431?: A typical home in 60431 rents for about $2,869 a month, a gross rental yield of 9.8%.
What is the property tax rate in 60431?: The effective property tax rate in 60431 is 2.1% — roughly $7,360 a year on a typical home.
Who lives in 60431?: ZIP code 60431 has a population of 27,138 and a median household income of $122,870.

#Comparable ZIPs

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

60030 vs 60431 →
Grayslake, IL
Typical home
$351,576
Gross yield
7.8%
60504 vs 60431 →
Aurora, IL
Typical home
$352,355
Gross yield
7.4%
60002
Antioch, IL
Typical home
$351,130
Gross yield
7.9%
46321
Munster, IN
Typical home
$350,843
Gross yield
7.9%
60152
Marengo, IL
Typical home
$352,829
Gross yield
—
60513
Brookfield, IL
Typical home
$350,723
Gross yield
6.5%

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Pit ZIP 60431 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · IL60431

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