How much is a home worth in ZIP code 60651?

The typical home in 60651 is worth $277,628, based on the Zillow Home Value Index.

Are home values rising in 60651?

Home values in 60651 are up 4.8% over the past year, and up 2.8% a year over five years.

What is the typical rent in 60651?

A typical home in 60651 rents for about $1,676 a month, a gross rental yield of 7.2%.

What is the property tax rate in 60651?

The effective property tax rate in 60651 is 1.0% — roughly $2,662 a year on a typical home.

ZIP code 60651 has a population of 63,335 and a median household income of $54,409.

HousingHandbookReference data

…

U.S. ZIP Code · IL60651

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

Typical home value

$277,628^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.8%
5-year / yr: +2.8%
10-year / yr: +7.6%

Relative price

vs U.S.: -2.3%
vs metro: -17.6%
vs state: +45.2%

Price history

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

The typical home in 60651 is worth $277,628 — 17.6% below the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 4.8%. Homes here rent for a typical $1,676 a month — a 7.2% 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: $1,676^[2]
Gross yield: 7.2%^[2]
Cap rate: 4.3%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $2,662^[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: 63,335^[3]
Median household income: $54,409^[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: 14
Elementary: 11
Middle: 0
High: 3

Piccolo Elem Specialty School
Elementary · Grades PK–8 · Chicago Public Schools Dist 299
635 students
Cameron Elem School
Elementary · Grades PK–8 · Chicago Public Schools Dist 299
634 students
Nobel Elem School
Elementary · Grades PK–8 · Chicago Public Schools Dist 299
603 students
Lewis Elem School
Elementary · Grades PK–8 · Chicago Public Schools Dist 299
423 students
West Park Elem Academy
Elementary · Grades PK–8 · Chicago Public Schools Dist 299
423 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 yield7.2%

Net yield (after ~40% expenses)4.3%

Annual rent$20,110

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$1,404

Loan principal$222,102

Down payment$55,526

Total interest paid$283,279

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 ratio1.11

Monthly cost to own$1,857

Monthly rent$1,676

Renting 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: 9th percentile^[1]
Rental yield: 56th percentile^[2]
Property tax: 10th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 60651?: The typical home in 60651 is worth $277,628, based on the Zillow Home Value Index.
Are home values rising in 60651?: Home values in 60651 are up 4.8% over the past year, and up 2.8% a year over five years.
What is the typical rent in 60651?: A typical home in 60651 rents for about $1,676 a month, a gross rental yield of 7.2%.
What is the property tax rate in 60651?: The effective property tax rate in 60651 is 1.0% — roughly $2,662 a year on a typical home.
Who lives in 60651?: ZIP code 60651 has a population of 63,335 and a median household income of $54,409.

#Comparable ZIPs

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

60130 vs 60651 →
Forest Park, IL
Typical home
$277,733
Gross yield
6.6%
60632 vs 60651 →
Chicago, IL
Typical home
$277,854
Gross yield
6.7%
60146
Kirkland, IL
Typical home
$279,152
Gross yield
—
60602
Chicago, IL
Typical home
$280,338
Gross yield
—
60550
Shabbona, IL
Typical home
$274,823
Gross yield
—
60073
Round Lake, IL
Typical home
$274,690
Gross yield
10.3%

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Pit ZIP 60651 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · IL60651

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