How much is a home worth in ZIP code 60609?

The typical home in 60609 is worth $247,911, based on the Zillow Home Value Index.

Are home values rising in 60609?

Home values in 60609 are up 0.7% over the past year, and up 0.5% a year over five years.

What is the typical rent in 60609?

A typical home in 60609 rents for about $1,611 a month, a gross rental yield of 7.8%.

What is the property tax rate in 60609?

The effective property tax rate in 60609 is 1.3% — roughly $3,135 a year on a typical home.

ZIP code 60609 has a population of 62,028 and a median household income of $58,896.

HousingHandbookReference data

…

U.S. ZIP Code · IL60609

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

Typical home value

$247,911^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.7%
5-year / yr: +0.5%
10-year / yr: +4.0%

Relative price

vs U.S.: -12.7%
vs metro: -26.4%
vs state: +29.6%

Price history

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

The typical home in 60609 is worth $247,911 — 26.4% below the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 0.7%. Homes here rent for a typical $1,611 a month — a 7.8% gross rental yield. The effective property tax rate is 1.3%.

#Rent & investment

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

Monthly rent: $1,611^[2]
Gross yield: 7.8%^[2]
Cap rate: 4.7%^[2]

#Property tax

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

Effective tax rate: 1.3%^[3]
Typical annual tax: $3,135^[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: 62,028^[3]
Median household income: $58,896^[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: 28
Elementary: 19
Middle: 1
High: 5

Back of The Yards IB HS
High · Grades 9–12 · Chicago Public Schools Dist 299
1,025 students
Beasley Elem Magnet Academic Ctr
Elementary · Grades PK–8 · Chicago Public Schools Dist 299
1,017 students
Horizon Science Acad-McKinley Pk
Other · Grades K–12 · Horizon Science Acad-McKinley Pk
853 students
Chavez Elem Multicultural Acad Ct
Elementary · Grades PK–8 · Chicago Public Schools Dist 299
783 students
Horizon Sci Acad - Southwest Chtr
Other · Grades K–12 · Chicago Public Schools Dist 299
746 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 yield7.8%

Net yield (after ~40% expenses)4.7%

Annual rent$19,334

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$1,254

Loan principal$198,329

Down payment$49,582

Total interest paid$252,958

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 ratio1.07

Monthly cost to own$1,720

Monthly rent$1,611

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: 5th percentile^[1]
Rental yield: 67th percentile^[2]
Property tax: 17th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 60609?: The typical home in 60609 is worth $247,911, based on the Zillow Home Value Index.
Are home values rising in 60609?: Home values in 60609 are up 0.7% over the past year, and up 0.5% a year over five years.
What is the typical rent in 60609?: A typical home in 60609 rents for about $1,611 a month, a gross rental yield of 7.8%.
What is the property tax rate in 60609?: The effective property tax rate in 60609 is 1.3% — roughly $3,135 a year on a typical home.
Who lives in 60609?: ZIP code 60609 has a population of 62,028 and a median household income of $58,896.

#Comparable ZIPs

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

60505 vs 60609 →
Aurora, IL
Typical home
$247,724
Gross yield
8.5%
60104 vs 60609 →
Bellwood, IL
Typical home
$248,538
Gross yield
8.4%
60430
Homewood, IL
Typical home
$248,937
Gross yield
12.8%
46319
Griffith, IN
Typical home
$249,933
Gross yield
6.3%
60153
Maywood, IL
Typical home
$250,454
Gross yield
6.1%
47978
Rensselaer, IN
Typical home
$244,779
Gross yield
—

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#Jump to section

U.S. ZIP Code · IL60609

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