HousingHandbookReference data

U.S. ZIP Code · IL60606

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

Typical home value

$317,775[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.8%
5-year / yr
-1.0%
10-year / yr
-1.7%

Relative price

vs U.S.
+11.9%
vs metro
-5.7%
vs state
+66.2%
ZIP 60606 location in IL
Location of ZIP 60606 in IL

Price history

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

The typical home in 60606 is worth $317,775 — 5.7% below the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 2.8%. Homes here rent for a typical $2,729 a month — a 10.3% gross rental yield. The effective property tax rate is 1.4%.

#Rent & investment

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

Monthly rent
$2,729[2]
Gross yield
10.3%[2]
Cap rate
6.2%[2]

#Property tax

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

Effective tax rate
1.4%[3]
Typical annual tax
$4,331[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
3,840[3]
Median household income
$128,609[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 yield10.3%
Net yield (after ~40% expenses)6.2%
Annual rent$32,749

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$1,607
Loan principal$254,220
Down payment$63,555
Total interest paid$324,244

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 ratio0.82
Monthly cost to own$2,232
Monthly rent$2,729

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
3rd percentile[1]
Rental yield
90th percentile[2]
Property tax
18th percentile[3]

Frequently asked

How much is a home worth in ZIP code 60606?
The typical home in 60606 is worth $317,775, based on the Zillow Home Value Index.
Are home values rising in 60606?
Home values in 60606 are up 2.8% over the past year, and down 1.0% a year over five years.
What is the typical rent in 60606?
A typical home in 60606 rents for about $2,729 a month, a gross rental yield of 10.3%.
What is the property tax rate in 60606?
The effective property tax rate in 60606 is 1.4% — roughly $4,331 a year on a typical home.
Who lives in 60606?
ZIP code 60606 has a population of 3,840 and a median household income of $128,609.

#Comparable ZIPs

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

  • Hebron, IL

    Typical home
    $317,767
    Gross yield
  • Elwood, IL

    Typical home
    $317,973
    Gross yield
  • Melrose Park, IL

    Typical home
    $317,191
    Gross yield
    5.2%
  • Chicago, IL

    Typical home
    $317,110
    Gross yield
    6.2%
  • Burlington, IL

    Typical home
    $318,918
    Gross yield
  • Sycamore, IL

    Typical home
    $316,551
    Gross yield
    6.1%

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