ZIP 60623 covers residential neighborhoods in Chicago, located within Cook County, IL, part of the broader Chicago housing market. The typical home value in ZIP 60623 in the Chicago housing market is $222,699, with a typical rent of $1,550 per month. That puts the local home-value-to-annual-rent ratio at 12.0.
Key stats
- ZIP 60623 is around the 18th percentile of tracked local ZIPs for home value.
- ZIP 60623 is around the 58th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 12.0.
- 78 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $222,699
- Typical rent
- $1,550
- Homes for sale
- 24
- Buyer competition
- 64
- New listings
- 9
- Homes going pending
- 7
- Listings with price cuts
- 19.1%
Price and rent in ZIP 60623
ZIP 60623 is around the 18th percentile of tracked local ZIPs for home value. ZIP 60623 is around the 15th percentile of tracked local ZIPs for rent.
ZIP 60623 home value & rent trend (past 12 months)
Typical home value rose 1.8% over the past 12 months, from $218,760 to $222,699. It rose in 7 of 11 monthly readings. The largest monthly gain was +0.8% in June 2026.
Typical rent rose 4.4% over the past 12 months, from $1,485 to $1,550. It rose in 8 of 11 monthly readings. The largest monthly gain was +2.7% in February 2026.
How ZIP 60623 compares to the metro
ZIP 60623's typical home value is 34.5% below the metro median of $340,167. ZIP 60623's typical rent is 17.7% below the metro median of $1,883.
Supply, pending activity, and competition
ZIP 60623 is around the 7th percentile of tracked local ZIPs for for-sale inventory. ZIP 60623 is around the 58th percentile of tracked local ZIPs for buyer competition. 78 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 12 and 24 — a 12-point spread across 55 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 60608, 60632, 60624, 60612.
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 60623 vs 60601Compare this market with another tracked ZIP or peer group.
- Compare 60623 vs 60602Compare this market with another tracked ZIP or peer group.
- Compare 60623 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 60608 housing marketReview a nearby local market with the same core measures.
- ZIP 60632 housing marketReview a nearby local market with the same core measures.
- ZIP 60624 housing marketReview a nearby local market with the same core measures.
- Chicago Metro housing market overviewReturn to the broader parent market.
60623 Housing Market Overview FAQ
What is the typical home value in ZIP 60623?
The typical home value in ZIP 60623 is $222,699 in the latest monthly reading.
What is the typical rent in ZIP 60623?
Typical rent in ZIP 60623 is $1,550 per month.
What is the home-value-to-rent ratio in ZIP 60623?
ZIP 60623 has a home-value-to-annual-rent ratio of 12.0.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules