ZIP 60649 covers residential neighborhoods in Chicago, located within Cook County, IL, part of the broader Chicago housing market. The typical home value in ZIP 60649 in the Chicago housing market is $137,854, with a typical rent of $1,395 per month. That puts the local home-value-to-annual-rent ratio at 8.2.
Key stats
- ZIP 60649 is around the 2nd percentile of tracked local ZIPs for home value.
- ZIP 60649 is around the 65th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 8.2.
- 67 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $137,854
- Typical rent
- $1,395
- Homes for sale
- 105
- Buyer competition
- 66
- New listings
- 27
- Homes going pending
- 18
- Listings with price cuts
- 26.0%
Price and rent in ZIP 60649
ZIP 60649 is around the 2nd percentile of tracked local ZIPs for home value. ZIP 60649 is around the 2nd percentile of tracked local ZIPs for rent.
ZIP 60649 home value & rent trend (past 12 months)
Typical home value fell 2.8% over the past 12 months, from $141,815 to $137,854. It rose in 4 of 11 monthly readings. The largest monthly gain was +1.0% in February 2026.
Typical rent rose 4.2% over the past 12 months, from $1,338 to $1,395. It rose in 8 of 11 monthly readings. The largest monthly gain was +1.9% in July 2026.
How ZIP 60649 compares to the metro
ZIP 60649's typical home value is 59.5% below the metro median of $340,167. ZIP 60649's typical rent is 25.9% below the metro median of $1,883. ZIP 60649's buyer competition is 3.9% above the metro median of 64.
Supply, pending activity, and competition
ZIP 60649 is around the 58th percentile of tracked local ZIPs for for-sale inventory. ZIP 60649 is around the 65th percentile of tracked local ZIPs for buyer competition. 67 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 95 and 111 — a 16-point spread across 55 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 60619, 60637, 60615, 60617.
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 60649 vs 60601Compare this market with another tracked ZIP or peer group.
- Compare 60649 vs 60602Compare this market with another tracked ZIP or peer group.
- Compare 60649 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 60619 housing marketReview a nearby local market with the same core measures.
- ZIP 60637 housing marketReview a nearby local market with the same core measures.
- ZIP 60615 housing marketReview a nearby local market with the same core measures.
- Chicago Metro housing market overviewReturn to the broader parent market.
60649 Housing Market Overview FAQ
What is the typical home value in ZIP 60649?
The typical home value in ZIP 60649 is $137,854 in the latest monthly reading.
What is the typical rent in ZIP 60649?
Typical rent in ZIP 60649 is $1,395 per month.
What is the home-value-to-rent ratio in ZIP 60649?
ZIP 60649 has a home-value-to-annual-rent ratio of 8.2.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules