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 $465,347, with a typical rent of $1,847 per month. That puts the local home-value-to-annual-rent ratio at 21.0.
Key stats
- ZIP 60631 is around the 87th percentile of tracked local ZIPs for home value.
- ZIP 60631 is around the 29th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 21.0.
- 97 homes went pending for every 100 new listings in the current reading.
- Supply and buyer competition did not produce a clear easing or tightening split.
- Typical home value
- $465,347
- Typical rent
- $1,847
- Homes for sale
- 74
- Buyer competition
- 56
- New listings
- 35
- Homes going pending
- 34
- Listings with price cuts
- 21.6%
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 46th percentile of tracked local ZIPs for rent.
ZIP 60631 home value & rent trend (past 12 months)
Typical home value rose 8.3% over the past 12 months, from $429,713 to $465,347. It rose in 11 of 11 monthly readings. The largest monthly gain was +1.2% in August 2026.
Typical rent fell 1.4% over the last 8 months, from $1,872 to $1,847. It rose in 1 of 7 monthly readings. The largest monthly gain was +3.4% in August 2026.
How ZIP 60631 compares to Chicago
ZIP 60631's typical home value is 38.7% above the Chicago median of $335,515. ZIP 60631's buyer competition is 9.7% below the Chicago median of 62.
How fast homes sell in ZIP 60631
Homes in ZIP 60631 typically go pending in about 25 days — about 9% faster than the metro median of 28 days.
Supply, pending activity, and competition
ZIP 60631 is around the 47th percentile of tracked local ZIPs for for-sale inventory. ZIP 60631 is around the 29th percentile of tracked local ZIPs for buyer competition. 97 homes went pending for every 100 new listings in the current reading. Supply and buyer competition did not produce a clear easing or tightening split. Over the 12 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.
- All Chicago ZIP comparisonsCompare 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 by the HomeMarketCap.com team under our editorial policy. Spotted something wrong? Report a correction.