ZIP 60631 covers residential neighborhoods in Chicago, located within Cook County, IL, part of the broader Chicago housing market. The typical home value in ZIP 60631 in the Chicago housing market is $469,236, with a typical rent of $1,944 per month. That puts the local home-value-to-annual-rent ratio at 20.1.
Key stats
- ZIP 60631 is around the 87th percentile of tracked local ZIPs for home value.
- ZIP 60631 is around the 25th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 20.1.
- 83 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $469,236
- Typical rent
- $1,944
- Homes for sale
- 79
- Buyer competition
- 56
- New listings
- 42
- Homes going pending
- 35
- Listings with price cuts
- 20.7%
Price and rent in ZIP 60631
ZIP 60631 is around the 87th percentile of tracked local ZIPs for home value. ZIP 60631 is around the 57th percentile of tracked local ZIPs for rent.
ZIP 60631 home value & rent trend (past 12 months)
Typical home value rose 7.6% over the past 12 months, from $435,951 to $469,236. It rose in 11 of 11 monthly readings. The largest monthly gain was +0.9% in July 2026.
Typical rent fell 4.6% over the last 7 months, from $2,039 to $1,944. It rose in 0 of 6 monthly readings.
How ZIP 60631 compares to the metro
ZIP 60631's typical home value is 37.9% above the metro median of $340,167. ZIP 60631's typical rent is 3.2% above the metro median of $1,883. ZIP 60631's buyer competition is 11.8% below the metro median of 64.
How fast homes sell in ZIP 60631
Homes in ZIP 60631 typically go pending in about 20 days — about 23% faster than the metro median of 26 days.
Supply, pending activity, and competition
ZIP 60631 is around the 53rd percentile of tracked local ZIPs for for-sale inventory. ZIP 60631 is around the 25th percentile of tracked local ZIPs for buyer competition. 83 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 28 and 79 — a 51-point spread across 55 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 60656, 60706, 60068, 60714.
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 60631 vs 60601Compare this market with another tracked ZIP or peer group.
- Compare 60631 vs 60602Compare this market with another tracked ZIP or peer group.
- Compare 60631 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 60656 housing marketReview a nearby local market with the same core measures.
- ZIP 60706 housing marketReview a nearby local market with the same core measures.
- ZIP 60068 housing marketReview a nearby local market with the same core measures.
- Chicago Metro housing market overviewReturn to the broader parent market.
60631 Housing Market Overview FAQ
What is the typical home value in ZIP 60631?
The typical home value in ZIP 60631 is $469,236 in the latest monthly reading.
What is the typical rent in ZIP 60631?
Typical rent in ZIP 60631 is $1,944 per month.
What is the home-value-to-rent ratio in ZIP 60631?
ZIP 60631 has a home-value-to-annual-rent ratio of 20.1.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules