Chicago 60640

Cook County, IL · 16,960 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

50affordability /100

Buyer leverage is balanced; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
30.4%
stretched
Days on market
36
daily
Price cuts
9.3%
of active
Valuation
+169.3%
vs assessor
Look up an address
62
/100
Stable
warming · balanced · prices rising year-over-year.
Price trend
90
Affordability
65
Valuation
20
Economic health
50

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

39/ 100SellerBalancedBuyer
Seller's Market
DOM: 53d (stable) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)50
Valuation Gap (25%)10
Supply & Demand (20%)85
Buy vs Rent (15%)25
Cancellation Rate (10%)0
Days on Market (5%)60

Seller-favored market in 60640. Expect to pay at or near list price. Payment burden: 30.5% of median income. Median days on market: 53. Renting is approximately 22% cheaper than buying (price-to-rent ratio: 14.7).

Buyer Caution

Seller's market. Be prepared to pay near list price.

Competitive market similar to 2021-2022 — limited inventory driving prices above fundamentals.
WARMINGBALANCED

Market is warming with rising prices. Conditions are balanced between buyers and sellers.

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Market snapshoteach number, once

Median price
$356,501
▴ 2.6% YoY
Days on market
36
daily · zip_data
Median rent
$2,019
ZORI
Investor score
76/100
cash-flow lens
Active listings
115
90-day

Valuation3 lenses, different anchors

vs assessor
+169.3%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$960,010
county CAMA · properties_v
vs income
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+44.5%
County-wide market — the widest, slowest signal.
Cook+44.5%
Cook+44.5%
Lotvox comps · mv_valuation_gap

Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft$341
Price-to-income5.0×

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How 60640 ranks in IL
percentile vs all Illinois ZIPs · n=1303
Market velocity73%
Supply tightness62%
Affordability3%
Investment yield59%
Appreciation21%

Affordability, supply & momentum

40SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply9.4 mo
Days on Market36d
Inv vs History-8.1%
Listing Density--
Affordability — payment burden
Monthly payment (P&I)$1,801
Payment burden30.4%
Median income · ZIP$71,030
Mortgage rate6.49% · 30yr
Total monthly own$2,157
Monthly rent$2,019
Market dynamics
Price cut %9.3%
Momentumwarming
LeverageBALANCED
Months of supply9.4
Sales (90d)0
Investment analysis
Median rent$2,019
Price-to-rent14.7
Est. cap rate4.4%
Buy vs rentfavors buying

Livability

Walk score12
Transit score82
Bike score

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Cook County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

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Nearby ZIP codes