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Chicago ZIP Comparison: 60602 vs 60640

Begin with the individual housing-market profiles for ZIP 60602 and ZIP 60640, then use the shared measures below to compare them consistently.

MeasureZIP 60602ZIP 60640
Typical home value$295,141$378,436
Typical rent$2,574$2,026
Homes for sale14118
Buyer competition6467
New listings-66
Homes going pending555
Listings with price cutsN/A15.2%

ZIP 60640 has 22.0% higher typical home value than ZIP 60602. ZIP 60602 has 27.1% higher typical rent than ZIP 60640.

Key stats

  • ZIP 60640 has 22.0% higher typical home value than ZIP 60602.
  • ZIP 60602 has 27.1% higher typical rent than ZIP 60640.
  • ZIP 60640 has 88.1% higher for-sale inventory than ZIP 60602.
  • ZIP 60640 has 4.5% higher buyer competition than ZIP 60602.
  • The home-value-to-annual-rent ratio ranges from 9.6 in ZIP 60602 to 15.6 in ZIP 60640.
typical home value delta
ZIP 60640 has 22.0% higher typical home value than ZIP 60602.
typical rent delta
ZIP 60602 has 27.1% higher typical rent than ZIP 60640.
homes for sale delta
ZIP 60640 has 88.1% higher for-sale inventory than ZIP 60602.
buyer competition delta
ZIP 60640 has 4.5% higher buyer competition than ZIP 60602.

The largest measurable differences

ZIP 60640 has 22.0% higher typical home value than ZIP 60602. ZIP 60602 has 27.1% higher typical rent than ZIP 60640. ZIP 60640 has 88.1% higher for-sale inventory than ZIP 60602.

Price and rent differences

ZIP 60640 has 22.0% higher typical home value than ZIP 60602. ZIP 60602 has 27.1% higher typical rent than ZIP 60640.

The home-value-to-annual-rent ratio ranges from 9.6 in ZIP 60602 to 15.6 in ZIP 60640.

Supply and buyer pressure

ZIP 60640 has 88.1% higher for-sale inventory than ZIP 60602. ZIP 60640 has 4.5% higher buyer competition than ZIP 60602.

Continue your market research

Sources and method

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