How much is a home worth in ZIP code 60586?

The typical home in 60586 is worth $392,323, based on the Zillow Home Value Index.

Are home values rising in 60586?

Home values in 60586 are up 2.3% over the past year, and up 6.6% a year over five years.

What is the typical rent in 60586?

A typical home in 60586 rents for about $2,853 a month, a gross rental yield of 8.7%.

What is the property tax rate in 60586?

The effective property tax rate in 60586 is 2.0% — roughly $7,896 a year on a typical home.

ZIP code 60586 has a population of 47,834 and a median household income of $131,637.

HousingHandbookReference data

…

U.S. ZIP Code · IL60586

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

Typical home value

$392,323^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.3%
5-year / yr: +6.6%
10-year / yr: +6.0%

Relative price

vs U.S.: +38.1%
vs metro: +16.4%
vs state: +105.2%

Price history

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

The typical home in 60586 is worth $392,323 — 16.4% above the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 2.3%. Homes here rent for a typical $2,853 a month — a 8.7% gross rental yield. The effective property tax rate is 2.0%.

#Rent & investment

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

Monthly rent: $2,853^[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: 2.0%^[3]
Typical annual tax: $7,896^[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: 47,834^[3]
Median household income: $131,637^[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: 10
Elementary: 5
Middle: 4
High: 1

Plainfield South High School
High · Grades 9–12 · Plainfield SD 202
2,379 students
Troy Middle School
Middle · Grades 7–8 · Troy CCSD 30C
878 students
Timber Ridge Middle School
Middle · Grades 6–8 · Plainfield SD 202
848 students
Orenic Intermediate School
Middle · Grades 5–6 · Troy CCSD 30C
809 students
Drauden Point Middle School
Middle · Grades 6–8 · Plainfield SD 202
672 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$34,241

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$1,984

Loan principal$313,858

Down payment$78,465

Total interest paid$400,309

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 ratio1.04

Monthly cost to own$2,968

Monthly rent$2,853

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: 72nd percentile^[1]
Rental yield: 79th percentile^[2]
Property tax: 56th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 60586?: The typical home in 60586 is worth $392,323, based on the Zillow Home Value Index.
Are home values rising in 60586?: Home values in 60586 are up 2.3% over the past year, and up 6.6% a year over five years.
What is the typical rent in 60586?: A typical home in 60586 rents for about $2,853 a month, a gross rental yield of 8.7%.
What is the property tax rate in 60586?: The effective property tax rate in 60586 is 2.0% — roughly $7,896 a year on a typical home.
Who lives in 60586?: ZIP code 60586 has a population of 47,834 and a median household income of $131,637.

#Comparable ZIPs

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

60487 vs 60586 →
Tinley Park, IL
Typical home
$393,526
Gross yield
—
60442 vs 60586 →
Manhattan, IL
Typical home
$393,791
Gross yield
—
60007
Elk Grove Village, IL
Typical home
$390,691
Gross yield
5.4%
60060
Mundelein, IL
Typical home
$390,597
Gross yield
7.3%
60140
Hampshire, IL
Typical home
$394,316
Gross yield
7.7%
60544
Plainfield, IL
Typical home
$390,217
Gross yield
7.8%

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Pit ZIP 60586 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · IL60586

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