ZIP 60631 covers residential neighborhoods in Chicago, located within Cook County, IL, part of the broader Chicago housing market. The typical home value in ZIP 60631 in the Chicago housing market is $469,236, with a typical rent of $1,944 per month. That puts the local home-value-to-annual-rent ratio at 20.1.
Key stats
- ZIP 60631 is around the 87th percentile of tracked local ZIPs for home value.
- ZIP 60631 is around the 25th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 20.1.
- 83 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $469,236
- Typical rent
- $1,944
- Homes for sale
- 79
- Buyer competition
- 56
- New listings
- 42
- Homes going pending
- 35
- Listings with price cuts
- 20.7%
Price and rent in ZIP 60631
ZIP 60631 is around the 87th percentile of tracked local ZIPs for home value. ZIP 60631 is around the 57th percentile of tracked local ZIPs for rent.
ZIP 60631 home value & rent trend (past 12 months)
Typical home value rose 7.0% over the last 11 months, from $438,460 to $469,236. It rose in 10 of 10 monthly readings. The largest monthly gain was +0.9% in July 2026.
Typical rent fell 4.6% over the last 7 months, from $2,039 to $1,944. It rose in 0 of 6 monthly readings.
How ZIP 60631 compares to Chicago
ZIP 60631's typical home value is 37.9% above the Chicago median of $340,167. ZIP 60631's typical rent is 3.2% above the Chicago median of $1,883. ZIP 60631's buyer competition is 11.8% below the Chicago median of 64.
How fast homes sell in ZIP 60631
Homes in ZIP 60631 typically go pending in about 20 days — about 23% faster than the metro median of 26 days.
Supply, pending activity, and competition
ZIP 60631 is around the 53rd percentile of tracked local ZIPs for for-sale inventory. ZIP 60631 is around the 25th percentile of tracked local ZIPs for buyer competition. 83 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 28 and 79 — a 51-point spread across 55 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 60656, 60634, 60646, 60630.
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.
- Compare 60601 vs 60631Compare this market with another tracked ZIP or peer group.
- Compare 60602 vs 60631Compare this market with another tracked ZIP or peer group.
- Compare 60603 vs 60631Compare this market with another tracked ZIP or peer group.
- ZIP 60656 housing marketReview a nearby local market with the same core measures.
- ZIP 60634 housing marketReview a nearby local market with the same core measures.
- ZIP 60646 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.