HousingHandbookReference data

U.S. ZIP Code · IL60490

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

Typical home value

$492,135[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.8%
5-year / yr
+6.7%
10-year / yr
+5.3%

Relative price

vs U.S.
+73.2%
vs metro
+46.1%
vs state
+157.4%
ZIP 60490 location in IL
Location of ZIP 60490 in IL

Price history

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

The typical home in 60490 is worth $492,135 — 46.1% above the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 2.8%. Homes here rent for a typical $3,383 a month — a 8.2% 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
$3,383[2]
Gross yield
8.2%[2]
Cap rate
4.9%[2]

#Property tax

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

Effective tax rate
2.4%[3]
Typical annual tax
$11,595[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
22,156[3]
Median household income
$150,531[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
3
Elementary
3
Middle
0
High
0
  • Liberty Elementary School

    Elementary · Grades K–5 · Plainfield SD 202

    527 students

  • Pioneer Elementary School

    Elementary · Grades K–5 · Valley View CUSD 365U

    526 students

  • Wayne Builta Elementary School

    Elementary · Grades K–5 · Indian Prairie CUSD 204

    312 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 yield8.2%
Net yield (after ~40% expenses)4.9%
Annual rent$40,590

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$2,489
Loan principal$393,708
Down payment$98,427
Total interest paid$502,153

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 ratio1.14
Monthly cost to own$3,866
Monthly rent$3,383

Renting 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
75th percentile[1]
Rental yield
73rd percentile[2]
Property tax
85th percentile[3]

Frequently asked

How much is a home worth in ZIP code 60490?
The typical home in 60490 is worth $492,135, based on the Zillow Home Value Index.
Are home values rising in 60490?
Home values in 60490 are up 2.8% over the past year, and up 6.7% a year over five years.
What is the typical rent in 60490?
A typical home in 60490 rents for about $3,383 a month, a gross rental yield of 8.2%.
What is the property tax rate in 60490?
The effective property tax rate in 60490 is 2.4% — roughly $11,595 a year on a typical home.
Who lives in 60490?
ZIP code 60490 has a population of 22,156 and a median household income of $150,531.

#Comparable ZIPs

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

  • Ringwood, IL

    Typical home
    $493,731
    Gross yield
  • Countryside, IL

    Typical home
    $493,952
    Gross yield
    5.9%
  • Hoffman Estates, IL

    Typical home
    $496,166
    Gross yield
  • Arlington Heights, IL

    Typical home
    $496,570
    Gross yield
    5.0%
  • Frankfort, IL

    Typical home
    $496,791
    Gross yield
  • Wheaton, IL

    Typical home
    $497,476
    Gross yield
    4.9%

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