Home Values

60407 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

$117,200

  • -3.3% 1-year change
  • -2.8% 1-year forecast

The median home value in 60407 is $117,200. 60407 home values have declined -3.3% over the past year and Zillow predicts they will fall -2.8% within the next year. The median price of homes currently listed in 60407 is $112,900.

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 60407 is 4.4%, which is lower 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 60407 homeowners underwater on their mortgage is 18.1%, which is lower than Chicago Metro at 27.1%.

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Relative ZHVI
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60407 Market Overview

Data through Oct 31, 2014
  • $117,200 ZHVI
  • -2.8% 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
    (Oct 31, 2015)
  • $112,900 Median listing price
  • No data Median sale price
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60407 Market Health

Data through Oct 31, 2014
  • 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.
  • No data Average days on Zillow
  • 18.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.4% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
60410 $193,900
60450 $177,200
60421 $173,300
Name Median ZHVI
60416 $152,400
60444 $147,600
60408 $146,600
Name Median ZHVI
60481 $140,900
60424 $138,400
60941 $138,400

Listings & Sales

Data through Oct 31, 2014
  • No recent data Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 33.3% Listings with price cut
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60407 Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,193 60407
    $1,642 Chicago Metro
    $1,337 United States

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

  • 1.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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