How much is a home worth in ZIP code 60438?

The typical home in 60438 is worth $197,856, based on the Zillow Home Value Index.

Are home values rising in 60438?

Home values in 60438 are up 1.0% over the past year, and up 5.8% a year over five years.

What is the typical rent in 60438?

A typical home in 60438 rents for about $1,545 a month, a gross rental yield of 9.4%.

What is the property tax rate in 60438?

The effective property tax rate in 60438 is 2.6% — roughly $5,108 a year on a typical home.

ZIP code 60438 has a population of 28,806 and a median household income of $75,681.

HousingHandbookReference data

…

U.S. ZIP Code · IL60438

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

Typical home value

$197,856^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.0%
5-year / yr: +5.8%
10-year / yr: +7.9%

Relative price

vs U.S.: -30.3%
vs metro: -41.3%
vs state: +3.5%

Price history

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

The typical home in 60438 is worth $197,856 — 41.3% below the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 1.0%. Homes here rent for a typical $1,545 a month — a 9.4% gross rental yield. The effective property tax rate is 2.6%.

#Rent & investment

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

Monthly rent: $1,545^[2]
Gross yield: 9.4%^[2]
Cap rate: 5.6%^[2]

#Property tax

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

Effective tax rate: 2.6%^[3]
Typical annual tax: $5,108^[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: 28,806^[3]
Median household income: $75,681^[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: 8
Elementary: 5
Middle: 2
High: 1

Thornton Fractnl So High School
High · Grades 9–12 · Thornton Fractional Twp HSD 215
1,887 students
Memorial Jr High School
Middle · Grades 6–8 · Lansing SD 158
863 students
Coolidge Elementary School
Elementary · Grades K–5 · Lansing SD 158
665 students
Nathan Hale Elem School
Elementary · Grades PK–4 · Sunnybrook SD 171
533 students
Oak Glen Elem School
Elementary · Grades K–5 · Lansing SD 158
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 yield9.4%

Net yield (after ~40% expenses)5.6%

Annual rent$18,542

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$1,000

Loan principal$158,285

Down payment$39,571

Total interest paid$201,884

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 ratio1.03

Monthly cost to own$1,591

Monthly rent$1,545

Owning and renting are roughly even.

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: 48th percentile^[1]
Rental yield: 85th percentile^[2]
Property tax: 95th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 60438?: The typical home in 60438 is worth $197,856, based on the Zillow Home Value Index.
Are home values rising in 60438?: Home values in 60438 are up 1.0% over the past year, and up 5.8% a year over five years.
What is the typical rent in 60438?: A typical home in 60438 rents for about $1,545 a month, a gross rental yield of 9.4%.
What is the property tax rate in 60438?: The effective property tax rate in 60438 is 2.6% — roughly $5,108 a year on a typical home.
Who lives in 60438?: ZIP code 60438 has a population of 28,806 and a median household income of $75,681.

#Comparable ZIPs

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

60406 vs 60438 →
Blue Island, IL
Typical home
$199,011
Gross yield
7.5%
60474 vs 60438 →
South Wilmington, IL
Typical home
$193,862
Gross yield
—
60469
Posen, IL
Typical home
$193,609
Gross yield
—
60484
University Park, IL
Typical home
$192,025
Gross yield
12.9%
47963
Morocco, IN
Typical home
$191,903
Gross yield
—
60432
Joliet, IL
Typical home
$203,868
Gross yield
—

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Pit ZIP 60438 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · IL60438

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