How much is a home worth in ZIP code 60440?

The typical home in 60440 is worth $330,940, based on the Zillow Home Value Index.

Are home values rising in 60440?

Home values in 60440 are up 2.8% over the past year, and up 5.7% a year over five years.

What is the typical rent in 60440?

A typical home in 60440 rents for about $2,396 a month, a gross rental yield of 8.7%.

What is the property tax rate in 60440?

The effective property tax rate in 60440 is 2.4% — roughly $7,829 a year on a typical home.

ZIP code 60440 has a population of 51,940 and a median household income of $93,494.

HousingHandbookReference data

…

U.S. ZIP Code · IL60440

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

Typical home value

$330,940^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.8%
5-year / yr: +5.7%
10-year / yr: +6.3%

Relative price

vs U.S.: +16.5%
vs metro: -1.8%
vs state: +73.1%

Price history

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

The typical home in 60440 is worth $330,940 — 1.8% below the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 2.8%. Homes here rent for a typical $2,396 a month — a 8.7% gross rental yield. The effective property tax rate is 2.4%.

#Rent & investment

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

Monthly rent: $2,396^[2]
Gross yield: 8.7%^[2]
Cap rate: 5.2%^[2]

#Property tax

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

Effective tax rate: 2.4%^[3]
Typical annual tax: $7,829^[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: 51,940^[3]
Median household income: $93,494^[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: 11
Elementary: 7
Middle: 3
High: 1

Bolingbrook High School
High · Grades 9–12 · Valley View CUSD 365U
3,371 students
Brooks Middle School
Middle · Grades 6–8 · Valley View CUSD 365U
874 students
Oak View Elem School
Elementary · Grades K–5 · Valley View CUSD 365U
675 students
Hubert H Humphrey Middle School
Middle · Grades 6–8 · Valley View CUSD 365U
617 students
Independence Elem School
Elementary · Grades K–5 · Valley View CUSD 365U
602 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 yield8.7%

Net yield (after ~40% expenses)5.2%

Annual rent$28,748

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$1,673

Loan principal$264,752

Down payment$66,188

Total interest paid$337,677

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 ratio1.09

Monthly cost to own$2,603

Monthly rent$2,396

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: 45th percentile^[1]
Rental yield: 78th percentile^[2]
Property tax: 85th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 60440?: The typical home in 60440 is worth $330,940, based on the Zillow Home Value Index.
Are home values rising in 60440?: Home values in 60440 are up 2.8% over the past year, and up 5.7% a year over five years.
What is the typical rent in 60440?: A typical home in 60440 rents for about $2,396 a month, a gross rental yield of 8.7%.
What is the property tax rate in 60440?: The effective property tax rate in 60440 is 2.4% — roughly $7,829 a year on a typical home.
Who lives in 60440?: ZIP code 60440 has a population of 51,940 and a median household income of $93,494.

#Comparable ZIPs

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

60604 vs 60440 →
Chicago, IL
Typical home
$331,027
Gross yield
—
46392 vs 60440 →
Wheatfield, IN
Typical home
$330,743
Gross yield
—
60538
Montgomery, IL
Typical home
$331,177
Gross yield
8.8%
60194
Schaumburg, IL
Typical home
$329,883
Gross yield
8.4%
46303
Cedar Lake, IN
Typical home
$332,588
Gross yield
—
60457
Hickory Hills, IL
Typical home
$332,602
Gross yield
—

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Pit ZIP 60440 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · IL60440

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