A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.
What would change this read: the median listing price is −2.1% YoY. inventory, −7.4% YoY, is the number to watch.
The median listing price is down 2.1% YoY while the median home got down 5.6% bigger, so value per square foot is up 4.5%.
U.S. Census ACS characteristics for ZIP 60616 itself, not its parent county.
Renters hold 60.5% of this ZIP's 25,623 occupied households, on a median household income of $74K.
| Measure | ZIP 60616 | Cook County | Difference |
|---|---|---|---|
| Median Household Income | $74K | $83K | -$10K |
| Below Poverty Level | 18.0% | 13.5% | +4.5% |
| Median Age | 37.90 | 38.00 | -0.10 |
| Total Population | 54,308 | 5,182,090 | -- |
| Avg Household Size | 2.04 | 2.43 | -0.39 |
| Owner-Occupied | 39.5% | 57.7% | -18.3% |
| Worked From Home | 19.9% | 18.9% | +1.0% |
| Mean Commute | 28.40 | 31.50 | -3.10 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is down 0.1% to 5,182,090: residents under 18 are down 1.7% and those 65 and over are up 2.6%.
County median household income is $83K, 13.5% of residents are below the poverty level, 18.9% work from home.