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 +5.6% YoY. inventory, −31.7% YoY, is the number to watch.
The median listing price is up 5.6% YoY while the median home got down 1.8% bigger, so value per square foot is up 8.9%.
U.S. Census ACS characteristics for ZIP 60640 itself, not its parent county.
Renters hold 68.2% of this ZIP's 37,848 occupied households, on a median household income of $73K.
| Measure | ZIP 60640 | Cook County | Difference |
|---|---|---|---|
| Median Household Income | $73K | $83K | -$10K |
| Below Poverty Level | 17.5% | 13.5% | +4.0% |
| Median Age | 38.20 | 38.00 | +0.20 |
| Total Population | 65,445 | 5,182,090 | -- |
| Avg Household Size | 1.67 | 2.43 | -0.76 |
| Owner-Occupied | 31.8% | 57.7% | -26.0% |
| Worked From Home | 31.3% | 18.9% | +12.4% |
| Mean Commute | 35.50 | 31.50 | +4.00 |
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.