How much is a home worth in ZIP code 60623?

The typical home in 60623 is worth $215,043, based on the Zillow Home Value Index.

Are home values rising in 60623?

Home values in 60623 are down 0.9% over the past year, and up 3.3% a year over five years.

What is the typical rent in 60623?

A typical home in 60623 rents for about $1,543 a month, a gross rental yield of 8.6%.

What is the property tax rate in 60623?

The effective property tax rate in 60623 is 1.2% — roughly $2,501 a year on a typical home.

ZIP code 60623 has a population of 81,277 and a median household income of $51,878.

HousingHandbookReference data

…

U.S. ZIP Code · IL60623

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

Typical home value

$215,043^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.9%
5-year / yr: +3.3%
10-year / yr: +8.3%

Relative price

vs U.S.: -24.3%
vs metro: -36.2%
vs state: +12.5%

Price history

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

The typical home in 60623 is worth $215,043 — 36.2% below the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have fallen 0.9%. Homes here rent for a typical $1,543 a month — a 8.6% gross rental yield. The effective property tax rate is 1.2%.

#Rent & investment

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

Monthly rent: $1,543^[2]
Gross yield: 8.6%^[2]
Cap rate: 5.2%^[2]

#Property tax

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

Effective tax rate: 1.2%^[3]
Typical annual tax: $2,501^[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: 81,277^[3]
Median household income: $51,878^[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: 34
Elementary: 22
Middle: 2
High: 10

KIPP Chicago Chrtrs - Ascend Acad
Elementary · Grades K–8 · Chicago Public Schools Dist 299
936 students
Saucedo Elem Scholastic Academy
Elementary · Grades PK–8 · Chicago Public Schools Dist 299
850 students
Cardenas Elem School
Elementary · Grades PK–8 · Chicago Public Schools Dist 299
766 students
Gary Elem School
Middle · Grades 3–8 · Chicago Public Schools Dist 299
718 students
Whitney Elem School
Elementary · Grades PK–8 · Chicago Public Schools Dist 299
614 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 yield8.6%

Net yield (after ~40% expenses)5.2%

Annual rent$18,514

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$1,087

Loan principal$172,035

Down payment$43,009

Total interest paid$219,421

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 ratio0.96

Monthly cost to own$1,474

Monthly rent$1,543

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: 11th percentile^[1]
Rental yield: 77th percentile^[2]
Property tax: 15th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

7th for most populous in ILView list →

Frequently asked

How much is a home worth in ZIP code 60623?: The typical home in 60623 is worth $215,043, based on the Zillow Home Value Index.
Are home values rising in 60623?: Home values in 60623 are down 0.9% over the past year, and up 3.3% a year over five years.
What is the typical rent in 60623?: A typical home in 60623 rents for about $1,543 a month, a gross rental yield of 8.6%.
What is the property tax rate in 60623?: The effective property tax rate in 60623 is 1.2% — roughly $2,501 a year on a typical home.
Who lives in 60623?: ZIP code 60623 has a population of 81,277 and a median household income of $51,878.

#Comparable ZIPs

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

60064 vs 60623 →
North Chicago, IL
Typical home
$214,686
Gross yield
—
60624 vs 60623 →
Chicago, IL
Typical home
$215,777
Gross yield
9.1%
46393
Wheeler CDP, IN
Typical home
$216,235
Gross yield
—
60471
Richton Park, IL
Typical home
$216,584
Gross yield
9.6%
60433
Joliet, IL
Typical home
$213,237
Gross yield
8.2%
60644
Chicago, IL
Typical home
$217,217
Gross yield
7.5%

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

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Pit ZIP 60623 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · IL60623

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