How much is a home worth in ZIP code 60473?

The typical home in 60473 is worth $226,699, based on the Zillow Home Value Index.

Are home values rising in 60473?

Home values in 60473 are up 2.3% over the past year, and up 4.8% a year over five years.

What is the typical rent in 60473?

A typical home in 60473 rents for about $2,800 a month, a gross rental yield of 14.8%.

What is the property tax rate in 60473?

The effective property tax rate in 60473 is 2.7% — roughly $6,088 a year on a typical home.

ZIP code 60473 has a population of 21,225 and a median household income of $85,659.

HousingHandbookReference data

…

U.S. ZIP Code · IL60473

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

Typical home value

$226,699^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.3%
5-year / yr: +4.8%
10-year / yr: +6.9%

Relative price

vs U.S.: -20.2%
vs metro: -32.7%
vs state: +18.5%

Price history

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

The typical home in 60473 is worth $226,699 — 32.7% below the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 2.3%. Homes here rent for a typical $2,800 a month — a 14.8% gross rental yield. The effective property tax rate is 2.7%.

#Rent & investment

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

Monthly rent: $2,800^[2]
Gross yield: 14.8%^[2]
Cap rate: 8.9%^[2]

#Property tax

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

Effective tax rate: 2.7%^[3]
Typical annual tax: $6,088^[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: 21,225^[3]
Median household income: $85,659^[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: 5
Middle: 1
High: 2

Thornwood High School
High · Grades 9–12 · Thornton Twp HSD 205
1,868 students
Greenwood Elem School
Elementary · Grades PK–3 · South Holland SD 150
351 students
New Beginnings Learning Academy
Elementary · Grades K–6 · Dolton SD 149
317 students
McKinley Jr High School
Middle · Grades 6–8 · South Holland SD 150
315 students
Madison School
Elementary · Grades 4–5 · South Holland SD 151
297 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 yield14.8%

Net yield (after ~40% expenses)8.9%

Annual rent$33,600

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$1,146

Loan principal$181,359

Down payment$45,340

Total interest paid$231,314

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 ratio0.66

Monthly cost to own$1,843

Monthly rent$2,800

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: 24th percentile^[1]
Rental yield: 97th percentile^[2]
Property tax: 97th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 60473?: The typical home in 60473 is worth $226,699, based on the Zillow Home Value Index.
Are home values rising in 60473?: Home values in 60473 are up 2.3% over the past year, and up 4.8% a year over five years.
What is the typical rent in 60473?: A typical home in 60473 rents for about $2,800 a month, a gross rental yield of 14.8%.
What is the property tax rate in 60473?: The effective property tax rate in 60473 is 2.7% — roughly $6,088 a year on a typical home.
Who lives in 60473?: ZIP code 60473 has a population of 21,225 and a median household income of $85,659.

#Comparable ZIPs

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

60637 vs 60473 →
Chicago, IL
Typical home
$228,318
Gross yield
9.5%
47977 vs 60473 →
Remington, IN
Typical home
$228,522
Gross yield
—
60436
Joliet, IL
Typical home
$224,295
Gross yield
8.9%
60643
Chicago, IL
Typical home
$229,144
Gross yield
12.1%
60407
Braceville, IL
Typical home
$223,443
Gross yield
—
60415
Chicago Ridge, IL
Typical home
$222,672
Gross yield
—

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#Jump to section

U.S. ZIP Code · IL60473

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