ZIP 60647 covers residential neighborhoods in Chicago, located within Cook County, IL, part of the broader Chicago housing market. The typical home value in ZIP 60647 in the Chicago housing market is $592,798, with a typical rent of $2,371 per month. That puts the local home-value-to-annual-rent ratio at 20.8.
Key stats
- ZIP 60647 is around the 96th percentile of tracked local ZIPs for home value.
- ZIP 60647 is around the 85th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 20.8.
- 85 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
- $592,798
- Typical rent
- $2,371
- Homes for sale
- 123
- Buyer competition
- 74
- New listings
- 72
- Homes going pending
- 61
- Listings with price cuts
- 15.0%
Price and rent in ZIP 60647
ZIP 60647 is around the 96th percentile of tracked local ZIPs for home value. ZIP 60647 is around the 70th percentile of tracked local ZIPs for rent.
ZIP 60647 home value & rent trend (past 12 months)
Typical home value rose 8.2% over the past 12 months, from $548,118 to $592,798. It rose in 11 of 11 monthly readings. The largest monthly gain was +1.0% in April 2026.
Typical rent rose 6.7% over the past 12 months, from $2,221 to $2,371. It rose in 8 of 11 monthly readings. The largest monthly gain was +1.7% in March 2026.
How ZIP 60647 compares to the metro
ZIP 60647's typical home value is 74.3% above the metro median of $340,167. ZIP 60647's typical rent is 25.9% above the metro median of $1,883. ZIP 60647's buyer competition is 16.5% above the metro median of 64.
How fast homes sell in ZIP 60647
Homes in ZIP 60647 typically go pending in about 12 days — about 54% faster than the metro median of 26 days.
Supply, pending activity, and competition
ZIP 60647 is around the 71st percentile of tracked local ZIPs for for-sale inventory. ZIP 60647 is around the 85th percentile of tracked local ZIPs for buyer competition. 85 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 61 and 129 — a 68-point spread across 55 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 60622, 60651, 60618, 60642.
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 60647 vs 60601Compare this market with another tracked ZIP or peer group.
- Compare 60647 vs 60602Compare this market with another tracked ZIP or peer group.
- Compare 60647 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 60622 housing marketReview a nearby local market with the same core measures.
- ZIP 60651 housing marketReview a nearby local market with the same core measures.
- ZIP 60618 housing marketReview a nearby local market with the same core measures.
- Chicago Metro housing market overviewReturn to the broader parent market.
60647 Housing Market Overview FAQ
What is the typical home value in ZIP 60647?
The typical home value in ZIP 60647 is $592,798 in the latest monthly reading.
What is the typical rent in ZIP 60647?
Typical rent in ZIP 60647 is $2,371 per month.
What is the home-value-to-rent ratio in ZIP 60647?
ZIP 60647 has a home-value-to-annual-rent ratio of 20.8.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules