How much is a home worth in ZIP code 60516?

The typical home in 60516 is worth $497,827, based on the Zillow Home Value Index.

Are home values rising in 60516?

Home values in 60516 are up 6.3% over the past year, and up 5.7% a year over five years.

What is the typical rent in 60516?

A typical home in 60516 rents for about $2,041 a month, a gross rental yield of 4.9%.

What is the property tax rate in 60516?

The effective property tax rate in 60516 is 1.6% — roughly $8,029 a year on a typical home.

ZIP code 60516 has a population of 28,062 and a median household income of $115,480.

HousingHandbookReference data

…

U.S. ZIP Code · IL60516

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

Typical home value

$497,827^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +6.3%
5-year / yr: +5.7%
10-year / yr: +4.4%

Relative price

vs U.S.: +75.2%
vs metro: +47.7%
vs state: +160.3%

Price history

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

The typical home in 60516 is worth $497,827 — 47.7% above the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 6.3%. Homes here rent for a typical $2,041 a month — a 4.9% gross rental yield. The effective property tax rate is 1.6%.

#Rent & investment

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

Monthly rent: $2,041^[2]
Gross yield: 4.9%^[2]
Cap rate: 3.0%^[2]

#Property tax

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

Effective tax rate: 1.6%^[3]
Typical annual tax: $8,029^[3]

#Climate risk

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

#Who lives here

Population: 28,062^[3]
Median household income: $115,480^[3]

#Migration

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

Net migration: -3,705^[5]
Moved in: 24,803
Moved out: 28,508

Schools

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

Public schools: 9
Elementary: 6
Middle: 2
High: 1

Comm H S Dist 99 - South High Sch
High · Grades 9–12 · CHSD 99
2,604 students
O Neill Middle School
Middle · Grades 7–8 · Downers Grove GSD 58
438 students
Hillcrest Elem School
Elementary · Grades PK–6 · Downers Grove GSD 58
372 students
Lakeview Jr High School
Middle · Grades 6–8 · Center Cass SD 66
370 students
Prairieview Elementary School
Elementary · Grades 3–5 · Center Cass SD 66
364 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 yield4.9%

Net yield (after ~40% expenses)3.0%

Annual rent$24,491

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$2,517

Loan principal$398,261

Down payment$99,565

Total interest paid$507,960

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 ratio1.76

Monthly cost to own$3,600

Monthly rent$2,041

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: 46th percentile^[1]
Rental yield: 12th percentile^[2]
Property tax: 29th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 60516?: The typical home in 60516 is worth $497,827, based on the Zillow Home Value Index.
Are home values rising in 60516?: Home values in 60516 are up 6.3% over the past year, and up 5.7% a year over five years.
What is the typical rent in 60516?: A typical home in 60516 rents for about $2,041 a month, a gross rental yield of 4.9%.
What is the property tax rate in 60516?: The effective property tax rate in 60516 is 1.6% — roughly $8,029 a year on a typical home.
Who lives in 60516?: ZIP code 60516 has a population of 28,062 and a median household income of $115,480.

#Comparable ZIPs

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

60187 vs 60516 →
Wheaton, IL
Typical home
$497,476
Gross yield
4.9%
60423 vs 60516 →
Frankfort, IL
Typical home
$496,791
Gross yield
—
60004
Arlington Heights, IL
Typical home
$496,570
Gross yield
5.0%
60192
Hoffman Estates, IL
Typical home
$496,166
Gross yield
—
60525
Countryside, IL
Typical home
$493,952
Gross yield
5.9%
60072
Ringwood, IL
Typical home
$493,731
Gross yield
—

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 60516 against any other ZIP — full side-by-side table.

Compare 60516 →

#Jump to section

U.S. ZIP Code · IL60516

Get more data on ZIPs like this

Get more data on ZIPs like this