ZIP 60623 covers residential neighborhoods in Chicago, located within Cook County, IL, part of the broader Chicago housing market. The typical home value in ZIP 60623 in the Chicago housing market is $222,699, with a typical rent of $1,550 per month. That puts the local home-value-to-annual-rent ratio at 12.0.
Key stats
- ZIP 60623 is around the 18th percentile of tracked local ZIPs for home value.
- ZIP 60623 is around the 58th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 12.0.
- 78 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $222,699
- Typical rent
- $1,550
- Homes for sale
- 24
- Buyer competition
- 64
- New listings
- 9
- Homes going pending
- 7
- Listings with price cuts
- 19.1%
Price and rent in ZIP 60623
ZIP 60623 is around the 18th percentile of tracked local ZIPs for home value. ZIP 60623 is around the 15th percentile of tracked local ZIPs for rent.
ZIP 60623 home value & rent trend (past 12 months)
Typical home value rose 2.4% over the last 11 months, from $217,499 to $222,699. It rose in 7 of 10 monthly readings. The largest monthly gain was +0.8% in June 2026.
Typical rent rose 3.9% over the last 11 months, from $1,491 to $1,550. It rose in 7 of 10 monthly readings. The largest monthly gain was +2.7% in February 2026.
How ZIP 60623 compares to Chicago
ZIP 60623's typical home value is 34.5% below the Chicago median of $340,167. ZIP 60623's typical rent is 17.7% below the Chicago median of $1,883.
Supply, pending activity, and competition
ZIP 60623 is around the 7th percentile of tracked local ZIPs for for-sale inventory. ZIP 60623 is around the 58th percentile of tracked local ZIPs for buyer competition. 78 homes went pending for every 100 new listings in the current reading. Supply increased while buyer competition eased. Over the 11 readings on record, inventory moved between 12 and 24 — a 12-point spread across 55 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 60608, 60632, 60624, 60612.
Continue your market research
- Is the Chicago Real Estate Market Cooling or Slowing Down?Read the related local market analysis.
- Is Chicago a Buyer's Market?Read the related local market analysis.
- All Chicago ZIP comparisonsCompare this market with another tracked ZIP or peer group.
- ZIP 60608 housing marketReview a nearby local market with the same core measures.
- ZIP 60632 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 housing market overviewReturn to the broader parent market.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules
Figures are updated monthly under our editorial policy. Spotted something wrong? Report a correction.