HousingHandbookReference data

U.S. ZIP Code · IL60601

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

Typical home value

$370,454[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-0.7%
5-year / yr
-2.1%
10-year / yr
-1.9%

Relative price

vs U.S.
+30.4%
vs metro
+9.9%
vs state
+93.7%
ZIP 60601 location in IL
Location of ZIP 60601 in IL

Price history

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

The typical home in 60601 is worth $370,454 — 9.9% above the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have fallen 0.7%. Homes here rent for a typical $2,954 a month — a 9.6% gross rental yield. The effective property tax rate is 1.7%.

#Rent & investment

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

Monthly rent
$2,954[2]
Gross yield
9.6%[2]
Cap rate
5.7%[2]

#Property tax

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

Effective tax rate
1.7%[3]
Typical annual tax
$6,325[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
15,235[3]
Median household income
$121,458[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

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 yield9.6%
Net yield (after ~40% expenses)5.7%
Annual rent$35,448

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$1,873
Loan principal$296,363
Down payment$74,091
Total interest paid$377,995

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 ratio0.92
Monthly cost to own$2,710
Monthly rent$2,954

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
2nd percentile[1]
Rental yield
87th percentile[2]
Property tax
34th percentile[3]

Frequently asked

How much is a home worth in ZIP code 60601?
The typical home in 60601 is worth $370,454, based on the Zillow Home Value Index.
Are home values rising in 60601?
Home values in 60601 are down 0.7% over the past year, and down 2.1% a year over five years.
What is the typical rent in 60601?
A typical home in 60601 rents for about $2,954 a month, a gross rental yield of 9.6%.
What is the property tax rate in 60601?
The effective property tax rate in 60601 is 1.7% — roughly $6,325 a year on a typical home.
Who lives in 60601?
ZIP code 60601 has a population of 15,235 and a median household income of $121,458.

#Comparable ZIPs

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

  • Schaumburg, IL

    Typical home
    $369,531
    Gross yield
    6.5%
  • Prospect Heights, IL

    Typical home
    $369,527
    Gross yield
    5.5%
  • South Elgin, IL

    Typical home
    $371,629
    Gross yield
    7.4%
  • Chicago, IL

    Typical home
    $371,758
    Gross yield
    6.1%
  • Gurnee, IL

    Typical home
    $371,787
    Gross yield
    6.1%
  • Skokie, IL

    Typical home
    $371,850
    Gross yield
    7.1%

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