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 $329,692, with a typical rent of $1,514 per month. That puts the local home-value-to-annual-rent ratio at 18.1.
Key stats
- ZIP 60638 is around the 45th percentile of tracked local ZIPs for home value.
- ZIP 60638 is around the 16th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 18.1.
- 87 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $329,692
- Typical rent
- $1,514
- Homes for sale
- 111
- Buyer competition
- 51
- New listings
- 47
- Homes going pending
- 41
- Listings with price cuts
- 26.1%
Price and rent in ZIP 60638
ZIP 60638 is around the 45th percentile of tracked local ZIPs for home value. ZIP 60638 is around the 14th percentile of tracked local ZIPs for rent.
ZIP 60638 home value & rent trend (past 12 months)
Typical home value rose 5.4% over the past 12 months, from $312,823 to $329,692. It rose in 11 of 11 monthly readings. The largest monthly gain was +1.1% in August 2026.
Typical rent rose 2.1% over the past 12 months, from $1,482 to $1,514. It rose in 7 of 11 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 1.7% below the Chicago median of $335,515. ZIP 60638's typical rent is 18.7% below the Chicago median of $1,862. ZIP 60638's buyer competition is 17.7% below the Chicago median of 62.
How fast homes sell in ZIP 60638
Homes in ZIP 60638 typically go pending in about 25 days — about 9% faster than the metro median of 28 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 16th percentile of tracked local ZIPs for buyer competition. 87 homes went pending for every 100 new listings in the current reading. Supply increased while buyer competition eased. Over the 12 readings on record, inventory moved between 80 and 111 — a 31-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 by the HomeMarketCap.com team under our editorial policy. Spotted something wrong? Report a correction.