ZIP 60607 covers residential neighborhoods in Chicago, located within Cook County, IL, part of the broader Chicago housing market. The typical home value in ZIP 60607 in the Chicago housing market is $457,545, with a typical rent of $2,992 per month. That puts the local home-value-to-annual-rent ratio at 12.7.
Key stats
- ZIP 60607 is around the 85th percentile of tracked local ZIPs for home value.
- ZIP 60607 is around the 9th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 12.7.
- 73 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $457,545
- Typical rent
- $2,992
- Homes for sale
- 157
- Buyer competition
- 52
- New listings
- 63
- Homes going pending
- 46
- Listings with price cuts
- 17.3%
Price and rent in ZIP 60607
ZIP 60607 is around the 85th percentile of tracked local ZIPs for home value. ZIP 60607 is around the 96th percentile of tracked local ZIPs for rent.
ZIP 60607 home value & rent trend (past 12 months)
Typical home value rose 3.2% over the past 12 months, from $443,357 to $457,545. It rose in 8 of 11 monthly readings. The largest monthly gain was +0.8% in July 2026.
Typical rent rose 5.5% over the past 12 months, from $2,837 to $2,992. It rose in 9 of 11 monthly readings. The largest monthly gain was +1.3% in February 2026.
How ZIP 60607 compares to the metro
ZIP 60607's typical home value is 34.5% above the metro median of $340,167. ZIP 60607's typical rent is 58.9% above the metro median of $1,883. ZIP 60607's buyer competition is 18.1% below the metro median of 64.
How fast homes sell in ZIP 60607
Homes in ZIP 60607 typically go pending in about 38 days — about 46% slower than the metro median of 26 days.
Supply, pending activity, and competition
ZIP 60607 is around the 85th percentile of tracked local ZIPs for for-sale inventory. ZIP 60607 is around the 9th percentile of tracked local ZIPs for buyer competition. 73 homes went pending for every 100 new listings in the current reading. Supply increased while buyer competition eased. Over the 12 readings on record, inventory moved between 101 and 171 — a 70-point spread across 55 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 60661, 60606, 60604, 60603.
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 60607 vs 60601Compare this market with another tracked ZIP or peer group.
- Compare 60607 vs 60602Compare this market with another tracked ZIP or peer group.
- Compare 60607 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 60661 housing marketReview a nearby local market with the same core measures.
- ZIP 60606 housing marketReview a nearby local market with the same core measures.
- ZIP 60604 housing marketReview a nearby local market with the same core measures.
- Chicago Metro housing market overviewReturn to the broader parent market.
60607 Housing Market Overview FAQ
What is the typical home value in ZIP 60607?
The typical home value in ZIP 60607 is $457,545 in the latest monthly reading.
What is the typical rent in ZIP 60607?
Typical rent in ZIP 60607 is $2,992 per month.
What is the home-value-to-rent ratio in ZIP 60607?
ZIP 60607 has a home-value-to-annual-rent ratio of 12.7.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules