How much is a home worth in ZIP code 60506?

The typical home in 60506 is worth $310,505, based on the Zillow Home Value Index.

Are home values rising in 60506?

Home values in 60506 are up 3.5% over the past year, and up 6.7% a year over five years.

What is the typical rent in 60506?

A typical home in 60506 rents for about $2,182 a month, a gross rental yield of 8.4%.

What is the property tax rate in 60506?

The effective property tax rate in 60506 is 2.3% — roughly $7,067 a year on a typical home.

ZIP code 60506 has a population of 50,038 and a median household income of $79,517.

HousingHandbookReference data

…

U.S. ZIP Code · IL60506

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

Typical home value

$310,505^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.5%
5-year / yr: +6.7%
10-year / yr: +6.7%

Relative price

vs U.S.: +9.3%
vs metro: -7.9%
vs state: +62.4%

Price history

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

The typical home in 60506 is worth $310,505 — 7.9% below the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 3.5%. Homes here rent for a typical $2,182 a month — a 8.4% gross rental yield. The effective property tax rate is 2.3%.

#Rent & investment

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

Monthly rent: $2,182^[2]
Gross yield: 8.4%^[2]
Cap rate: 5.1%^[2]

#Property tax

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

Effective tax rate: 2.3%^[3]
Typical annual tax: $7,067^[3]

#Climate risk

FEMA National Risk Index ratings for Kane 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 Moderate
Heat wave: Relatively Moderate
Hurricane: Very Low
Tornado: Relatively High
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 50,038^[3]
Median household income: $79,517^[3]

#Migration

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

Net migration: -974^[5]
Moved in: 12,944
Moved out: 13,918

Schools

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

Public schools: 15
Elementary: 6
Middle: 3
High: 4

West Aurora High School
High · Grades 9–12 · Aurora West USD 129
3,655 students
Washington Middle School
Middle · Grades 6–8 · Aurora West USD 129
689 students
Illinois Mathematics and Science
High · Grades 10–12 · Il Mathematics & Science Academy
630 students
Herget Middle School
Middle · Grades 6–8 · Aurora West USD 129
576 students
Jefferson Middle School
Middle · Grades 6–8 · Aurora West USD 129
575 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 yield8.4%

Net yield (after ~40% expenses)5.1%

Annual rent$26,184

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$1,570

Loan principal$248,404

Down payment$62,101

Total interest paid$316,826

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 ratio1.11

Monthly cost to own$2,419

Monthly rent$2,182

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: 74th percentile^[1]
Rental yield: 76th percentile^[2]
Property tax: 81st percentile^[3]

Frequently asked

How much is a home worth in ZIP code 60506?: The typical home in 60506 is worth $310,505, based on the Zillow Home Value Index.
Are home values rising in 60506?: Home values in 60506 are up 3.5% over the past year, and up 6.7% a year over five years.
What is the typical rent in 60506?: A typical home in 60506 rents for about $2,182 a month, a gross rental yield of 8.4%.
What is the property tax rate in 60506?: The effective property tax rate in 60506 is 2.3% — roughly $7,067 a year on a typical home.
Who lives in 60506?: ZIP code 60506 has a population of 50,038 and a median household income of $79,517.

#Comparable ZIPs

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

60090 vs 60506 →
Wheeling, IL
Typical home
$309,761
Gross yield
7.8%
60050 vs 60506 →
McHenry, IL
Typical home
$311,551
Gross yield
7.3%
60171
River Grove, IL
Typical home
$309,391
Gross yield
8.0%
60450
Morris, IL
Typical home
$311,673
Gross yield
5.6%
60131
Franklin Park, IL
Typical home
$312,395
Gross yield
6.5%
60123
Elgin, IL
Typical home
$308,388
Gross yield
6.4%

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#Jump to section

U.S. ZIP Code · IL60506

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