How much is a home worth in ZIP code 60649?

The typical home in 60649 is worth $139,272, based on the Zillow Home Value Index.

Are home values rising in 60649?

Home values in 60649 are down 2.0% over the past year, and down 1.7% a year over five years.

What is the typical rent in 60649?

A typical home in 60649 rents for about $1,398 a month, a gross rental yield of 12.0%.

What is the property tax rate in 60649?

The effective property tax rate in 60649 is 1.2% — roughly $1,618 a year on a typical home.

ZIP code 60649 has a population of 48,056 and a median household income of $44,175.

HousingHandbookReference data

…

U.S. ZIP Code · IL60649

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

Typical home value

$139,272^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.0%
5-year / yr: -1.7%
10-year / yr: +4.2%

Relative price

vs U.S.: -51.0%
vs metro: -58.7%
vs state: -27.2%

Price history

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

The typical home in 60649 is worth $139,272 — 58.7% below the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have fallen 2.0%. Homes here rent for a typical $1,398 a month — a 12.0% 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: $1,398^[2]
Gross yield: 12.0%^[2]
Cap rate: 7.2%^[2]

#Property tax

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

Effective tax rate: 1.2%^[3]
Typical annual tax: $1,618^[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: 48,056^[3]
Median household income: $44,175^[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: 9
Elementary: 5
Middle: 0
High: 4

Bouchet Elem Math & Science Acad
Elementary · Grades PK–8 · Chicago Public Schools Dist 299
649 students
South Shore Intl Col Prep HS
High · Grades 9–12 · Chicago Public Schools Dist 299
593 students
Powell Elem Paideia Comm Academy
Elementary · Grades PK–8 · Chicago Public Schools Dist 299
550 students
Art in Motion Charter School
High · Grades 7–12 · Chicago Public Schools Dist 299
544 students
OKeeffe Elem School
Elementary · Grades PK–8 · Chicago Public Schools Dist 299
513 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 yield12.0%

Net yield (after ~40% expenses)7.2%

Annual rent$16,773

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$704

Loan principal$111,418

Down payment$27,854

Total interest paid$142,107

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 ratio0.68

Monthly cost to own$955

Monthly rent$1,398

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: 2nd percentile^[1]
Rental yield: 93rd percentile^[2]
Property tax: 14th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 60649?: The typical home in 60649 is worth $139,272, based on the Zillow Home Value Index.
Are home values rising in 60649?: Home values in 60649 are down 2.0% over the past year, and down 1.7% a year over five years.
What is the typical rent in 60649?: A typical home in 60649 rents for about $1,398 a month, a gross rental yield of 12.0%.
What is the property tax rate in 60649?: The effective property tax rate in 60649 is 1.2% — roughly $1,618 a year on a typical home.
Who lives in 60649?: ZIP code 60649 has a population of 48,056 and a median household income of $44,175.

#Comparable ZIPs

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

46320 vs 60649 →
Hammond, IN
Typical home
$142,519
Gross yield
11.5%
60636 vs 60649 →
Chicago, IL
Typical home
$135,094
Gross yield
13.6%
46312
East Chicago, IN
Typical home
$129,997
Gross yield
9.2%
60628
Chicago, IL
Typical home
$149,199
Gross yield
12.4%
60827
Riverdale, IL
Typical home
$128,151
Gross yield
11.8%
60428
Markham, IL
Typical home
$152,867
Gross yield
19.6%

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Pit ZIP 60649 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · IL60649

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