ZIP 60642 covers residential neighborhoods in Chicago, located within Cook County, IL, part of the broader Chicago housing market. The typical home value in ZIP 60642 in the Chicago housing market is $585,646, with a typical rent of $2,769 per month. That puts the local home-value-to-annual-rent ratio at 17.6.
Key stats
- ZIP 60642 is around the 93rd percentile of tracked local ZIPs for home value.
- ZIP 60642 is around the 49th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 17.6.
- 86 homes went pending for every 100 new listings in the current reading.
- Supply and buyer competition did not produce a clear easing or tightening split.
- Typical home value
- $585,646
- Typical rent
- $2,769
- Homes for sale
- 63
- Buyer competition
- 63
- New listings
- 35
- Homes going pending
- 30
- Listings with price cuts
- 17.0%
Price and rent in ZIP 60642
ZIP 60642 is around the 93rd percentile of tracked local ZIPs for home value. ZIP 60642 is around the 87th percentile of tracked local ZIPs for rent.
ZIP 60642 home value & rent trend (past 12 months)
Typical home value rose 5.7% over the past 12 months, from $554,234 to $585,646. It rose in 11 of 11 monthly readings. The largest monthly gain was +0.8% in April 2026.
Typical rent rose 6.9% over the past 12 months, from $2,592 to $2,769. It rose in 9 of 11 monthly readings. The largest monthly gain was +1.4% in May 2026.
How ZIP 60642 compares to the metro
ZIP 60642's typical home value is 72.2% above the metro median of $340,167. ZIP 60642's typical rent is 47.1% above the metro median of $1,883.
Supply, pending activity, and competition
ZIP 60642 is around the 36th percentile of tracked local ZIPs for for-sale inventory. ZIP 60642 is around the 49th percentile of tracked local ZIPs for buyer competition. 86 homes went pending for every 100 new listings in the current reading. Supply and buyer competition did not produce a clear easing or tightening split. Over the 12 readings on record, inventory moved between 34 and 66 — a 32-point spread across 55 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 60654, 60610, 60622, 60614.
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 60642 vs 60601Compare this market with another tracked ZIP or peer group.
- Compare 60642 vs 60602Compare this market with another tracked ZIP or peer group.
- Compare 60642 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 60654 housing marketReview a nearby local market with the same core measures.
- ZIP 60610 housing marketReview a nearby local market with the same core measures.
- ZIP 60622 housing marketReview a nearby local market with the same core measures.
- Chicago Metro housing market overviewReturn to the broader parent market.
60642 Housing Market Overview FAQ
What is the typical home value in ZIP 60642?
The typical home value in ZIP 60642 is $585,646 in the latest monthly reading.
What is the typical rent in ZIP 60642?
Typical rent in ZIP 60642 is $2,769 per month.
What is the home-value-to-rent ratio in ZIP 60642?
ZIP 60642 has a home-value-to-annual-rent ratio of 17.6.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules