Latest available · Census ACS 5-Year (2024)
What Is the Median Home Value in ZCTA5 60516, Illinois?
ZIP code · Census ACS 5-Year estimates
The median home value in ZCTA5 60516, Illinois (ZIP 60516) is $441,100 (±$10,545), based on Census ACS 5-Year estimates (2024). The median gross rent is $1,676/month, and the median household income is $115,480/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for ZIP 60516
| Metric | Value |
|---|---|
| Median Home Value | $441,100 |
| Median Gross Rent | $1,676 |
| Median Household Income | $115,480 |
| Total Housing Units | 11,227 |
| Renter-Occupied Units | 2,365 |
| Renter-Occupied Share | 21% |
How does ZIP 60516 compare?
Median home value ranked against all ZIP codes in Illinois.
Higher home value than 96% of ZIP codes in Illinois · 59th of 1338
| # | ZIP code | Value |
|---|---|---|
| 1 | ZCTA5 60043 | $1,560,300 |
| 2 | ZCTA5 60022 | $1,392,900 |
| 3 | ZCTA5 60093 | $1,177,800 |
| … 55 more … | ||
| 59 | ZCTA5 60516(you are here) | $441,100 |
| … 1276 more … | ||
| 1336 | ZCTA5 62940 | $29,400 |
| 1337 | ZCTA5 62879 | $23,200 |
| 1338 | ZCTA5 62861 | $18,800 |
More data for ZIP 60516
Frequently asked questions
What is the median home value in ZCTA5 60516, Illinois?
The median home value in ZCTA5 60516, Illinois (ZIP 60516) is $441,100, based on Census ACS 5-Year estimates (2024). This is the self-reported estimated value homeowners believe their property would sell for. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent in ZCTA5 60516, Illinois?
The median gross rent in ZCTA5 60516, Illinois (ZIP 60516) is $1,676/month, based on Census ACS 5-Year estimates (2024).
What is the median household income in ZCTA5 60516, Illinois?
The median household income in ZCTA5 60516, Illinois is $115,480/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median home value of $441,100 has a margin of error of ±$10,545. In very small areas, MOEs can be large relative to the estimate.
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