How much is a home worth in ZIP code 60617?

The typical home in 60617 is worth $173,474, based on the Zillow Home Value Index.

Are home values rising in 60617?

Home values in 60617 are up 2.6% over the past year, and up 2.2% a year over five years.

What is the typical rent in 60617?

A typical home in 60617 rents for about $1,576 a month, a gross rental yield of 10.9%.

What is the property tax rate in 60617?

The effective property tax rate in 60617 is 1.0% — roughly $1,771 a year on a typical home.

ZIP code 60617 has a population of 74,790 and a median household income of $51,778.

HousingHandbookReference data

…

U.S. ZIP Code · IL60617

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

Typical home value

$173,474^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.6%
5-year / yr: +2.2%
10-year / yr: +7.0%

Relative price

vs U.S.: -38.9%
vs metro: -48.5%
vs state: -9.3%

Price history

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

The typical home in 60617 is worth $173,474 — 48.5% below the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 2.6%. Homes here rent for a typical $1,576 a month — a 10.9% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

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

Monthly rent: $1,576^[2]
Gross yield: 10.9%^[2]
Cap rate: 6.5%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $1,771^[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: 74,790^[3]
Median household income: $51,778^[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: 27
Elementary: 21
Middle: 0
High: 6

Washington G High School
High · Grades 9–12 · Chicago Public Schools Dist 299
1,553 students
Chicago Vocational Career Acad HS
High · Grades 9–12 · Chicago Public Schools Dist 299
660 students
Sadlowski Elementary School
Elementary · Grades PK–8 · Chicago Public Schools Dist 299
659 students
Washington G Elem School
Elementary · Grades PK–8 · Chicago Public Schools Dist 299
617 students
Gallistel Elem Language Academy
Elementary · Grades PK–8 · Chicago Public Schools Dist 299
609 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 yield10.9%

Net yield (after ~40% expenses)6.5%

Annual rent$18,911

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$877

Loan principal$138,780

Down payment$34,695

Total interest paid$177,006

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 ratio0.74

Monthly cost to own$1,169

Monthly rent$1,576

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: 8th percentile^[1]
Rental yield: 91st percentile^[2]
Property tax: 11th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

10th for most populous in ILView list →

Frequently asked

How much is a home worth in ZIP code 60617?: The typical home in 60617 is worth $173,474, based on the Zillow Home Value Index.
Are home values rising in 60617?: Home values in 60617 are up 2.6% over the past year, and up 2.2% a year over five years.
What is the typical rent in 60617?: A typical home in 60617 rents for about $1,576 a month, a gross rental yield of 10.9%.
What is the property tax rate in 60617?: The effective property tax rate in 60617 is 1.0% — roughly $1,771 a year on a typical home.
Who lives in 60617?: ZIP code 60617 has a population of 74,790 and a median household income of $51,778.

#Comparable ZIPs

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

47951 vs 60617 →
Kentland, IN
Typical home
$173,550
Gross yield
—
60411 vs 60617 →
Chicago Heights, IL
Typical home
$173,665
Gross yield
10.6%
60475
Steger, IL
Typical home
$172,428
Gross yield
—
47922
Brook, IN
Typical home
$171,855
Gross yield
—
60429
Hazel Crest, IL
Typical home
$177,874
Gross yield
15.9%
60620
Chicago, IL
Typical home
$178,851
Gross yield
9.8%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 60617 against any other ZIP — full side-by-side table.

Compare 60617 →

#Jump to section

U.S. ZIP Code · IL60617

Get more data on ZIPs like this

Get more data on ZIPs like this