Home Values

60416 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$148,000

  • -5.4% 1-year change
  • -1.6% 1-year forecast

The median home value in 60416 is $148,000. 60416 home values have declined -5.4% over the past year and Zillow predicts they will fall -1.6% within the next year. The median rent price in 60416 is $750, which is the same as the Coal City median of $750.

With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 60416 homeowners underwater on their mortgage is 22.8%, which is higher than Coal City at 22.0%.

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Relative ZHVI
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60416 Market Overview

Data through Mar 31, 2015
  • $148,000 ZHVI
  • -1.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Mar 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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60416 Market Health

Data through Mar 31, 2015
  • 0.5/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 22.8% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)
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Nearby Zip Codes

Name Median ZHVI
60404 $209,600
60410 $186,300
60450 $183,700
Name Median ZHVI
60447 $174,100
60444 $147,800
60424 $139,200
Name Median ZHVI
60408 $136,600
60407 $129,900
60481 $127,800

Listings & Sales

  • No data
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60416 Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,121 60416
    $1,094 Coal City
    $1,362 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $750 Rent list price
  • $0.86 Rent list price / sq ft
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