ZIP 60656 covers residential neighborhoods in Chicago, located within Cook County, IL, part of the broader Chicago housing market. The typical home value in ZIP 60656 in the Chicago housing market is $395,391, with a typical rent of $1,619 per month. That puts the local home-value-to-annual-rent ratio at 20.4.
Key stats
- ZIP 60656 is around the 75th percentile of tracked local ZIPs for home value.
- ZIP 60656 is around the 9th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 20.4.
- 93 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $395,391
- Typical rent
- $1,619
- Homes for sale
- 58
- Buyer competition
- 52
- New listings
- 30
- Homes going pending
- 28
- Listings with price cuts
- 17.6%
Price and rent in ZIP 60656
ZIP 60656 is around the 75th percentile of tracked local ZIPs for home value. ZIP 60656 is around the 22nd percentile of tracked local ZIPs for rent.
ZIP 60656 home value & rent trend (past 12 months)
Typical home value rose 8.8% over the past 12 months, from $363,354 to $395,391. It rose in 11 of 11 monthly readings. The largest monthly gain was +1.0% in July 2026.
Typical rent fell 0.4% over the past 12 months, from $1,626 to $1,619. It rose in 4 of 11 monthly readings. The largest monthly gain was +2.7% in May 2026.
How ZIP 60656 compares to the metro
ZIP 60656's typical home value is 16.2% above the metro median of $340,167. ZIP 60656's typical rent is 14.0% below the metro median of $1,883. ZIP 60656's buyer competition is 18.1% below the metro median of 64.
How fast homes sell in ZIP 60656
Homes in ZIP 60656 typically go pending in about 16 days — about 38% faster than the metro median of 26 days.
Supply, pending activity, and competition
ZIP 60656 is around the 33rd percentile of tracked local ZIPs for for-sale inventory. ZIP 60656 is around the 9th percentile of tracked local ZIPs for buyer competition. 93 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 30 and 58 — a 28-point spread across 55 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 60706, 60631, 60634, 60176.
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 60656 vs 60601Compare this market with another tracked ZIP or peer group.
- Compare 60656 vs 60602Compare this market with another tracked ZIP or peer group.
- Compare 60656 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 60706 housing marketReview a nearby local market with the same core measures.
- ZIP 60631 housing marketReview a nearby local market with the same core measures.
- ZIP 60634 housing marketReview a nearby local market with the same core measures.
- Chicago Metro housing market overviewReturn to the broader parent market.
60656 Housing Market Overview FAQ
What is the typical home value in ZIP 60656?
The typical home value in ZIP 60656 is $395,391 in the latest monthly reading.
What is the typical rent in ZIP 60656?
Typical rent in ZIP 60656 is $1,619 per month.
What is the home-value-to-rent ratio in ZIP 60656?
ZIP 60656 has a home-value-to-annual-rent ratio of 20.4.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules