The story of this market
The typical home in ZIP 60638 sells for about $338,000, or $215 per square foot.
Prices are down 2.5% from a year ago, which gives buyers more room to negotiate. Homes take about 33 days to sell. HUD's fair market rent for a two-bedroom is $1,348 a month.
ZIP 60638 — Chicago
The 60638 housing market is currently stable, characterized by a median home price of $338,000 and a competitive environment. While year-over-year prices have seen a slight decline, the area remains attractive to families and commuters due to its established infrastructure and proximity to major employment hubs like Midway Airport. Inventory levels remain moderate, supporting a balanced market for both buyers and sellers.
This ZIP is well-suited for family buyers and commuters who value established neighborhoods, proximity to Midway Airport, and relatively accessible transit links to downtown Chicago.
Median prices moved down 2.5% year over year.
Homes spend a median of 33 days on market with 3.2 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.6% · poverty 6.4% — a stable, low-distress profile.
Built from 815 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 60638, Cook County IL
Crime in the area is generally consistent with broader Chicago trends, with property crime being the primary concern for residents compared to regional averages.
Schools serving the area are part of Chicago Public Schools, with performance ratings varying significantly by individual campus.
The area is primarily urban with standard flood and wind risks associated with the Chicago metropolitan region; insurance premiums are influenced by regional climate exposure.
The area benefits from proximity to Midway International Airport and established industrial corridors, providing steady employment opportunities in logistics and aviation.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
Residents have access to the CTA Orange Line and major arterial roads like Cicero Avenue, providing a direct commute to Chicago's downtown employment core.
The area features several local parks and is within reach of larger regional green spaces and shopping centers along the 63rd Street corridor.
The rental market is stable with moderate vacancy pressure, driven by demand from commuters and families seeking proximity to the city without downtown pricing.
The economy is anchored by aviation and logistics related to Midway International Airport, supported by a mix of retail and light industrial sectors.
The area is served by the CTA Orange Line and an extensive network of bus routes, facilitating transit-oriented commuting to the Chicago Loop.
Development is largely infill-focused, with ongoing efforts to modernize commercial corridors and improve transit connectivity.
The Cook County Assessor's Office manages assessments, utilizing a triennial reassessment cycle for properties within the county.
Parcels are subject to various taxing bodies including Chicago Public Schools, City of Chicago, and Cook County Forest Preserve District.
Property insurance rates are consistent with the broader Chicago market, reflecting urban risk profiles and regional weather patterns.
Data retrieved from Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Navy Pier4.610.9 mi
- Bengtson's Pumpkin Farm and Fall Fest4.515.1 mi
- Museum of Illusions Chicago4.69.7 mi
- Dave & Buster's Rosemont4.314 mi
- Sloomoo Institute - Chicago4.510 mi
- Navy Pier4.610.9 mi
- Wrigley Field4.812.4 mi
- United Center4.77.9 mi
- Soldier Field4.59.2 mi
- McCormick Place4.58.9 mi
- Navy Pier4.610.9 mi
- Wrigley Field4.812.4 mi
- Millennium Park4.89.8 mi
- Shedd Aquarium4.59.6 mi
- Willis Tower4.59.2 mi
- Navy Pier4.610.9 mi
- Shedd Aquarium4.59.6 mi
- The Art Institute of Chicago4.89.7 mi
- Field Museum4.79.4 mi
- Griffin Museum of Science and Industry4.79.5 mi
- Millennium Park4.89.8 mi
- Garfield Park Conservatory4.87.2 mi
- Maggie Daley Park4.710 mi
- Grant Park4.79.6 mi
- Waterfall Glen Forest Preserve4.711.5 mi
- Harborside International Golf Center4.111.3 mi
- Puttery4.78.9 mi
- Douglass (Anna & Frederick) Park4.46.1 mi
- Silver Lake Country Club4.511.9 mi
- Indian Boundary Golf Course4.111.1 mi
- Oakbrook Center4.610.5 mi
- Water Tower Place4.510.6 mi
- Christkindlmarket Chicago4.29.6 mi
- Eataly4.310.2 mi
- Nordstrom4.410.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Major regional anchor providing significant employment and transit access.
Large regional shopping destination serving the surrounding communities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.