ZIP 60651 covers residential neighborhoods in Chicago, located within Cook County, IL, part of the broader Chicago housing market. The typical home value in ZIP 60651 in the Chicago housing market is $288,165, with a typical rent of $1,847 per month. That puts the local home-value-to-annual-rent ratio at 13.0.
Key stats
- ZIP 60651 is around the 33rd percentile of tracked local ZIPs for home value.
- ZIP 60651 is around the 20th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 13.0.
- 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
- $288,165
- Typical rent
- $1,847
- Homes for sale
- 37
- Buyer competition
- 55
- New listings
- 14
- Homes going pending
- 12
- Listings with price cuts
- 23.2%
Price and rent in ZIP 60651
ZIP 60651 is around the 33rd percentile of tracked local ZIPs for home value. ZIP 60651 is around the 43rd percentile of tracked local ZIPs for rent.
ZIP 60651 home value & rent trend (past 12 months)
Typical home value rose 5.9% over the past 12 months, from $272,162 to $288,165. It rose in 11 of 11 monthly readings. The largest monthly gain was +0.9% in February 2026.
Typical rent rose 5.3% over the past 12 months, from $1,755 to $1,847. It rose in 10 of 11 monthly readings. The largest monthly gain was +2.0% in July 2026.
How ZIP 60651 compares to the metro
ZIP 60651's typical home value is 15.3% below the metro median of $340,167. ZIP 60651's typical rent is 1.9% below the metro median of $1,883. ZIP 60651's buyer competition is 13.4% below the metro median of 64.
Supply, pending activity, and competition
ZIP 60651 is around the 15th percentile of tracked local ZIPs for for-sale inventory. ZIP 60651 is around the 20th 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 37 and 59 — a 22-point spread across 55 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 60639, 60644, 60624, 60647.
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 60651 vs 60601Compare this market with another tracked ZIP or peer group.
- Compare 60651 vs 60602Compare this market with another tracked ZIP or peer group.
- Compare 60651 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 60639 housing marketReview a nearby local market with the same core measures.
- ZIP 60644 housing marketReview a nearby local market with the same core measures.
- ZIP 60624 housing marketReview a nearby local market with the same core measures.
- Chicago Metro housing market overviewReturn to the broader parent market.
60651 Housing Market Overview FAQ
What is the typical home value in ZIP 60651?
The typical home value in ZIP 60651 is $288,165 in the latest monthly reading.
What is the typical rent in ZIP 60651?
Typical rent in ZIP 60651 is $1,847 per month.
What is the home-value-to-rent ratio in ZIP 60651?
ZIP 60651 has a home-value-to-annual-rent ratio of 13.0.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules