ZIP 60640 covers residential neighborhoods in Chicago, located within Cook County, IL, part of the broader Chicago housing market. The typical home value in ZIP 60640 in the Chicago housing market is $378,436, with a typical rent of $2,026 per month. That puts the local home-value-to-annual-rent ratio at 15.6.
Key stats
- ZIP 60640 is around the 67th percentile of tracked local ZIPs for home value.
- ZIP 60640 is around the 71st percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 15.6.
- 83 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $378,436
- Typical rent
- $2,026
- Homes for sale
- 118
- Buyer competition
- 67
- New listings
- 66
- Homes going pending
- 55
- Listings with price cuts
- 15.2%
Price and rent in ZIP 60640
ZIP 60640 is around the 67th percentile of tracked local ZIPs for home value. ZIP 60640 is around the 65th percentile of tracked local ZIPs for rent.
ZIP 60640 home value & rent trend (past 12 months)
Typical home value rose 3.7% over the past 12 months, from $365,107 to $378,436. It rose in 8 of 11 monthly readings. The largest monthly gain was +1.1% in July 2026.
Typical rent rose 7.2% over the past 12 months, from $1,890 to $2,026. It rose in 9 of 11 monthly readings. The largest monthly gain was +1.5% in May 2026.
How ZIP 60640 compares to the metro
ZIP 60640's typical home value is 11.3% above the metro median of $340,167. ZIP 60640's typical rent is 7.6% above the metro median of $1,883. ZIP 60640's buyer competition is 5.5% above the metro median of 64.
How fast homes sell in ZIP 60640
Homes in ZIP 60640 typically go pending in about 15 days — about 42% faster than the metro median of 26 days.
Supply, pending activity, and competition
ZIP 60640 is around the 64th percentile of tracked local ZIPs for for-sale inventory. ZIP 60640 is around the 71st 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 80 and 131 — a 51-point spread across 55 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 60613, 60660, 60625, 60657.
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 60640 vs 60601Compare this market with another tracked ZIP or peer group.
- Compare 60640 vs 60602Compare this market with another tracked ZIP or peer group.
- Compare 60640 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 60613 housing marketReview a nearby local market with the same core measures.
- ZIP 60660 housing marketReview a nearby local market with the same core measures.
- ZIP 60625 housing marketReview a nearby local market with the same core measures.
- Chicago Metro housing market overviewReturn to the broader parent market.
60640 Housing Market Overview FAQ
What is the typical home value in ZIP 60640?
The typical home value in ZIP 60640 is $378,436 in the latest monthly reading.
What is the typical rent in ZIP 60640?
Typical rent in ZIP 60640 is $2,026 per month.
What is the home-value-to-rent ratio in ZIP 60640?
ZIP 60640 has a home-value-to-annual-rent ratio of 15.6.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules