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Chicago ZIP Comparison: 60602 vs 60616

Begin with the individual housing-market profiles for ZIP 60602 and ZIP 60616, then use the shared measures below to compare them consistently.

MeasureZIP 60602ZIP 60616
Typical home value$295,141$346,649
Typical rent$2,574$1,858
Homes for sale14134
Buyer competition6471
New listings-56
Homes going pending539
Listings with price cutsN/A15.8%

ZIP 60616 has 14.9% higher typical home value than ZIP 60602. ZIP 60602 has 38.6% higher typical rent than ZIP 60616.

Key stats

  • ZIP 60616 has 14.9% higher typical home value than ZIP 60602.
  • ZIP 60602 has 38.6% higher typical rent than ZIP 60616.
  • ZIP 60616 has 89.6% higher for-sale inventory than ZIP 60602.
  • ZIP 60616 has 9.9% higher buyer competition than ZIP 60602.
  • The home-value-to-annual-rent ratio ranges from 9.6 in ZIP 60602 to 15.5 in ZIP 60616.
typical home value delta
ZIP 60616 has 14.9% higher typical home value than ZIP 60602.
typical rent delta
ZIP 60602 has 38.6% higher typical rent than ZIP 60616.
homes for sale delta
ZIP 60616 has 89.6% higher for-sale inventory than ZIP 60602.
buyer competition delta
ZIP 60616 has 9.9% higher buyer competition than ZIP 60602.

The largest measurable differences

ZIP 60616 has 14.9% higher typical home value than ZIP 60602. ZIP 60602 has 38.6% higher typical rent than ZIP 60616. ZIP 60616 has 89.6% higher for-sale inventory than ZIP 60602.

Price and rent differences

ZIP 60616 has 14.9% higher typical home value than ZIP 60602. ZIP 60602 has 38.6% higher typical rent than ZIP 60616.

The home-value-to-annual-rent ratio ranges from 9.6 in ZIP 60602 to 15.5 in ZIP 60616.

Supply and buyer pressure

ZIP 60616 has 89.6% higher for-sale inventory than ZIP 60602. ZIP 60616 has 9.9% higher buyer competition than ZIP 60602.

Continue your market research

Sources and method

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