How much is a home worth in ZIP code 60827?

The typical home in 60827 is worth $128,151, based on the Zillow Home Value Index.

Are home values rising in 60827?

Home values in 60827 are up 1.5% over the past year, and up 4.9% a year over five years.

What is the typical rent in 60827?

A typical home in 60827 rents for about $1,260 a month, a gross rental yield of 11.8%.

What is the property tax rate in 60827?

The effective property tax rate in 60827 is 1.5% — roughly $1,982 a year on a typical home.

ZIP code 60827 has a population of 24,713 and a median household income of $37,217.

HousingHandbookReference data

…

U.S. ZIP Code · IL60827

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

Typical home value

$128,151^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.5%
5-year / yr: +4.9%
10-year / yr: +12.2%

Relative price

vs U.S.: -54.9%
vs metro: -62.0%
vs state: -33.0%

Price history

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

The typical home in 60827 is worth $128,151 — 62.0% below the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 1.5%. Homes here rent for a typical $1,260 a month — a 11.8% gross rental yield. The effective property tax rate is 1.5%.

#Rent & investment

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

Monthly rent: $1,260^[2]
Gross yield: 11.8%^[2]
Cap rate: 7.1%^[2]

#Property tax

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

Effective tax rate: 1.5%^[3]
Typical annual tax: $1,982^[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: 24,713^[3]
Median household income: $37,217^[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: 10
Middle: 2
High: 1

Carver Primary School
Elementary · Grades PK–8 · Chicago Public Schools Dist 299
473 students
Carver Military Academy HS
High · Grades 9–12 · Chicago Public Schools Dist 299
408 students
Burr Oak Academy
Elementary · Grades PK–2 · Calumet Public SD 132
325 students
Washington Elem School
Elementary · Grades K–6 · Dolton SD 148
295 students
Burr Oak Elem School
Elementary · Grades 3–5 · Calumet Public SD 132
294 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 yield11.8%

Net yield (after ~40% expenses)7.1%

Annual rent$15,120

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$648

Loan principal$102,521

Down payment$25,630

Total interest paid$130,760

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 ratio0.73

Monthly cost to own$920

Monthly rent$1,260

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: 26th percentile^[1]
Rental yield: 92nd percentile^[2]
Property tax: 26th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

6th for best 10-year appreciation in ILView list →

Frequently asked

How much is a home worth in ZIP code 60827?: The typical home in 60827 is worth $128,151, based on the Zillow Home Value Index.
Are home values rising in 60827?: Home values in 60827 are up 1.5% over the past year, and up 4.9% a year over five years.
What is the typical rent in 60827?: A typical home in 60827 rents for about $1,260 a month, a gross rental yield of 11.8%.
What is the property tax rate in 60827?: The effective property tax rate in 60827 is 1.5% — roughly $1,982 a year on a typical home.
Who lives in 60827?: ZIP code 60827 has a population of 24,713 and a median household income of $37,217.

#Comparable ZIPs

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

46312 vs 60827 →
East Chicago, IN
Typical home
$129,997
Gross yield
9.2%
60621 vs 60827 →
Chicago, IL
Typical home
$123,228
Gross yield
15.1%
60636
Chicago, IL
Typical home
$135,094
Gross yield
13.6%
60649
Chicago, IL
Typical home
$139,272
Gross yield
12.0%
60472
Robbins, IL
Typical home
$115,141
Gross yield
—
46320
Hammond, IN
Typical home
$142,519
Gross yield
11.5%

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Pit ZIP 60827 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · IL60827

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