How much is a home worth in ZIP code 60607?

The typical home in 60607 is worth $421,266, based on the Zillow Home Value Index.

Are home values rising in 60607?

Home values in 60607 are down 2.2% over the past year, and down 2.3% a year over five years.

What is the typical rent in 60607?

A typical home in 60607 rents for about $2,917 a month, a gross rental yield of 8.3%.

What is the property tax rate in 60607?

The effective property tax rate in 60607 is 1.7% — roughly $7,052 a year on a typical home.

ZIP code 60607 has a population of 32,392 and a median household income of $127,732.

HousingHandbookReference data

…

U.S. ZIP Code · IL60607

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

Typical home value

$421,266^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.2%
5-year / yr: -2.3%
10-year / yr: -1.0%

Relative price

vs U.S.: +48.3%
vs metro: +25.0%
vs state: +120.3%

Price history

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

The typical home in 60607 is worth $421,266 — 25.0% above the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have fallen 2.2%. Homes here rent for a typical $2,917 a month — a 8.3% 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: $2,917^[2]
Gross yield: 8.3%^[2]
Cap rate: 5.0%^[2]

#Property tax

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

Effective tax rate: 1.7%^[3]
Typical annual tax: $7,052^[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: 32,392^[3]
Median household income: $127,732^[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

Schools

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

Public schools: 7
Elementary: 4
Middle: 0
High: 3

Young Magnet High School
High · Grades 7–12 · Chicago Public Schools Dist 299
2,221 students
Skinner Elem School
Elementary · Grades PK–8 · Chicago Public Schools Dist 299
1,049 students
Galileo Elem Math & Sci Schol Acd
Elementary · Grades K–8 · Chicago Public Schools Dist 299
532 students
Chicago World Language Academy
Elementary · Grades K–8 · Chicago Public Schools Dist 299
453 students
STEM Magnet Academy Elem
Elementary · Grades K–8 · Chicago Public Schools Dist 299
401 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 yield8.3%

Net yield (after ~40% expenses)5.0%

Annual rent$35,007

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$2,130

Loan principal$337,013

Down payment$84,253

Total interest paid$429,842

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 ratio1.05

Monthly cost to own$3,067

Monthly rent$2,917

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: 1st percentile^[1]
Rental yield: 74th percentile^[2]
Property tax: 32nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 60607?: The typical home in 60607 is worth $421,266, based on the Zillow Home Value Index.
Are home values rising in 60607?: Home values in 60607 are down 2.2% over the past year, and down 2.3% a year over five years.
What is the typical rent in 60607?: A typical home in 60607 rents for about $2,917 a month, a gross rental yield of 8.3%.
What is the property tax rate in 60607?: The effective property tax rate in 60607 is 1.7% — roughly $7,052 a year on a typical home.
Who lives in 60607?: ZIP code 60607 has a population of 32,392 and a median household income of $127,732.

#Comparable ZIPs

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

60543 vs 60607 →
Oswego, IL
Typical home
$420,405
Gross yield
7.3%
60502 vs 60607 →
Aurora, IL
Typical home
$419,553
Gross yield
7.3%
60503
Aurora, IL
Typical home
$419,351
Gross yield
7.5%
60142
Huntley, IL
Typical home
$423,477
Gross yield
—
60546
Riverside, IL
Typical home
$418,220
Gross yield
—
60180
Union, IL
Typical home
$417,797
Gross yield
—

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#Jump to section

U.S. ZIP Code · IL60607

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