ZIP 60656 covers residential neighborhoods in Chicago, located within Cook County, IL, part of the broader Chicago housing market. The typical home value in ZIP 60656 in the Chicago housing market is $394,889, with a typical rent of $1,640 per month. That puts the local home-value-to-annual-rent ratio at 20.1.
Key stats
- ZIP 60656 is around the 75th percentile of tracked local ZIPs for home value.
- ZIP 60656 is around the 5th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 20.1.
- 92 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
- $394,889
- Typical rent
- $1,640
- Homes for sale
- 55
- Buyer competition
- 45
- New listings
- 26
- Homes going pending
- 24
- Listings with price cuts
- 21.1%
Price and rent in ZIP 60656
ZIP 60656 is around the 75th percentile of tracked local ZIPs for home value. ZIP 60656 is around the 24th percentile of tracked local ZIPs for rent.
ZIP 60656 home value & rent trend (past 12 months)
Typical home value rose 9.3% over the past 12 months, from $361,322 to $394,889. It rose in 11 of 11 monthly readings. The largest monthly gain was +1.3% in August 2026.
Typical rent fell 1.8% over the past 12 months, from $1,669 to $1,640. It rose in 4 of 11 monthly readings. The largest monthly gain was +2.7% in May 2026.
How ZIP 60656 compares to Chicago
ZIP 60656's typical home value is 17.7% above the Chicago median of $335,515. ZIP 60656's typical rent is 11.9% below the Chicago median of $1,862. ZIP 60656's buyer competition is 27.4% below the Chicago median of 62.
Supply, pending activity, and competition
ZIP 60656 is around the 25th percentile of tracked local ZIPs for for-sale inventory. ZIP 60656 is around the 5th percentile of tracked local ZIPs for buyer competition. 92 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 30 and 58 — a 28-point spread across 55 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 60631, 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 60631 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.