ZIP 60638 covers residential neighborhoods in Chicago, located within Cook County, IL, part of the broader Chicago housing market. The typical home value in ZIP 60638 in the Chicago housing market is $329,390, with a typical rent of $1,624 per month. That puts the local home-value-to-annual-rent ratio at 16.9.
Key stats
- ZIP 60638 is around the 44th percentile of tracked local ZIPs for home value.
- ZIP 60638 is around the 27th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 16.9.
- 85 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $329,390
- Typical rent
- $1,624
- Homes for sale
- 108
- Buyer competition
- 58
- New listings
- 47
- Homes going pending
- 40
- Listings with price cuts
- 24.6%
Price and rent in ZIP 60638
ZIP 60638 is around the 44th percentile of tracked local ZIPs for home value. ZIP 60638 is around the 24th percentile of tracked local ZIPs for rent.
ZIP 60638 home value & rent trend (past 12 months)
Typical home value rose 4.2% over the last 11 months, from $315,998 to $329,390. It rose in 10 of 10 monthly readings. The largest monthly gain was +0.8% in July 2026.
Typical rent rose 1.6% over the last 11 months, from $1,599 to $1,624. It rose in 5 of 10 monthly readings. The largest monthly gain was +1.7% in April 2026.
How ZIP 60638 compares to Chicago
ZIP 60638's typical home value is 3.2% below the Chicago median of $340,167. ZIP 60638's typical rent is 13.7% below the Chicago median of $1,883. ZIP 60638's buyer competition is 8.7% below the Chicago median of 64.
How fast homes sell in ZIP 60638
Homes in ZIP 60638 typically go pending in about 22 days — about 15% faster than the metro median of 26 days.
Supply, pending activity, and competition
ZIP 60638 is around the 60th percentile of tracked local ZIPs for for-sale inventory. ZIP 60638 is around the 27th percentile of tracked local ZIPs for buyer competition. 85 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 80 and 108 — a 28-point spread across 55 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 60629, 60652, 60632, 60636.
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 60629 housing marketReview a nearby local market with the same core measures.
- ZIP 60652 housing marketReview a nearby local market with the same core measures.
- ZIP 60632 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.