ZIP 60602 covers residential neighborhoods in Chicago, located within Cook County, IL, part of the broader Chicago housing market. The typical home value in ZIP 60602 in the Chicago housing market is $295,141, with a typical rent of $2,574 per month. It is a small, dense pocket of about 1,480 residents at 6,934 people per square mile, so its housing stock is far smaller than a typical tracked ZIP. That puts the local home-value-to-annual-rent ratio at 9.6.
Key stats
- ZIP 60602 is around the 36th percentile of tracked local ZIPs for home value.
- ZIP 60602 is around the 58th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 9.6.
- Supply and buyer competition did not produce a clear easing or tightening split.
- ZIP 60602's typical home value is 13.2% below the metro median of $340,167.
- Typical home value
- $295,141
- Typical rent
- $2,574
- Homes for sale
- 14
- Buyer competition
- 64
- Homes going pending
- 5
Price and rent in ZIP 60602
ZIP 60602 is around the 36th percentile of tracked local ZIPs for home value. ZIP 60602 is around the 81st percentile of tracked local ZIPs for rent.
ZIP 60602 home value & rent trend (past 12 months)
Typical home value fell 6.5% over the past 12 months, from $315,778 to $295,141. It rose in 3 of 11 monthly readings. The largest monthly gain was +0.7% in April 2026.
Typical rent rose 4.1% over the last 7 months, from $2,474 to $2,574. It rose in 3 of 6 monthly readings. The largest monthly gain was +3.8% in February 2026.
How ZIP 60602 compares to the metro
ZIP 60602's typical home value is 13.2% below the metro median of $340,167. ZIP 60602's typical rent is 36.7% above the metro median of $1,883.
Supply, pending activity, and competition
ZIP 60602 is around the 2nd percentile of tracked local ZIPs for for-sale inventory. ZIP 60602 is around the 58th percentile of tracked local ZIPs for buyer competition. Supply and buyer competition did not produce a clear easing or tightening split. Over the 12 readings on record, inventory moved between 14 and 22 — a 8-point spread across 55 comparable tracked ZIPs. Inventory has moved falling in each of the latest three available monthly readings.
Nearby markets worth comparing
Relevant nearby ZIP pages include 60603, 60601, 60606, 60604.
Continue your market research
- Is Chicago Housing Market Cooling?Read the related local market analysis.
- Is Chicago a Buyer's Market?Read the related local market analysis.
- Compare 60602 vs 60601Compare this market with another tracked ZIP or peer group.
- Compare 60602 vs 60603Compare this market with another tracked ZIP or peer group.
- Compare 60602 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 60603 housing marketReview a nearby local market with the same core measures.
- ZIP 60601 housing marketReview a nearby local market with the same core measures.
- ZIP 60606 housing marketReview a nearby local market with the same core measures.
- Chicago Metro housing market overviewReturn to the broader parent market.
60602 Housing Market Overview FAQ
What is the typical home value in ZIP 60602?
The typical home value in ZIP 60602 is $295,141 in the latest monthly reading.
What is the typical rent in ZIP 60602?
Typical rent in ZIP 60602 is $2,574 per month.
What is the home-value-to-rent ratio in ZIP 60602?
ZIP 60602 has a home-value-to-annual-rent ratio of 9.6.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules