60403 Home Prices & Values

$140,400 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 9.1% 1-year change
  • 1.6% 1-year forecast

The median home value in 60403 is $140,400. 60403 home values have gone up 9.1% over the past year and Zillow predicts they will rise 1.6% within the next year. The median list price per square foot in 60403 is $84, which is lower than the Chicago Metro average of $135. The median price of homes currently listed in 60403 is $122,000 while the median price of homes that sold is $144,670. The median rent price in 60403 is $1,295, which is lower than the Chicago Metro median of $1,550.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 60403 is 9.2%, which is higher than the national value of 6.9%. 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 60403 homeowners underwater on their mortgage is 32.1%, which is higher than Chicago Metro at 27.1%.

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Relative ZHVI
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60403 Market Overview

Data through Aug 31, 2014
  • $140,400 ZHVI
  • 1.6% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $122,000 Median listing price
  • $144,670 Median sale price (Jul 31, 2014)
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60403 Market Health

Data through Aug 31, 2014
  • 2.2/10 Less healthy What's This?  
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    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.

  • No data Average days on Zillow
  • 32.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 9.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
60490 $258,900 60544 $193,700 60441 $175,000
60431 $172,300 60446 $147,800 60435 $128,900
60432 $101,400 60436 $101,000 60433 $98,300

Listings & Sales

Data through Aug 31, 2014
  • $84 Median list price / sq ft
  • $102 Median sale price / sq ft (Jul 31, 2014)
  • 39.4% Listings with price cut
45.1%
Sold below listing
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60403 Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,493 60403
$1,645 Chicago Metro
$1,328 United States
  • 1.4 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • $1,295 Rent list price
  • $1.05 Rent list price / sq ft
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