Zip Code 60629

Chicago, IL • Cook County

Real Estate Market Analysis

Q3 2025 Report

$256,450 (ZHVI, Mar 2025)

Median Home Value

Approx. 112,000 (2025 projection)[4]

Population

$49,000 (estimate, not directly cited)

Median Income

Average to below average (CPS overall rating)

School District Rating

Market Statistics

Property Values

$256,450 (ZHVI, Mar 2025)

Median Home Value

Approx. $1,500 (estimate, not directly cited)

Median Rent

$189–$193

Price per Sq Ft

Market Performance

Home Appreciation8.1% year-over-year (Mar 2024–Mar 2025)

Market VelocityMedian days on market: 22–37 days; down 9.76% YoY

Foreclosure RateNot directly cited; assumed moderate for Chicago

Area Information

Area SizeApprox. 8.5 sq mi

CountyCook

Primary CityChicago

Housing Profile

Housing Statistics

Total Housing UnitsEstimated 28,000+ (based on census trends)

Owner OccupiedApprox. 55% (estimate, not directly cited)

Rental PropertiesApprox. 45% (estimate, not directly cited)

Vacant UnitsEstimated 8–10% (typical for Chicago neighborhoods)

New ConstructionLimited, mostly infill and rehab activity

Housing Types

Single-family homesTwo-flatsMulti-family (3–6 units)Apartments

Demographics

Approx. 112,000 (2025 projection)[4]

Population

31 (estimate, not directly cited)

Median Age

$49,000 (estimate, not directly cited)

Median Income

Approx. 93% (unemployment ~7%)

Employment Rate

Majority high school graduates, some college; lower bachelor’s attainment

Education Levels

Predominantly families with children; large Hispanic/Latino community

Family Composition

Education Quality

School District Performance

Average to below average (CPS overall rating)

District Rating

School DistrictChicago Public Schools (CPS)

Test ScoresBelow citywide average (estimate, not directly cited)

Graduation RatesApprox. 75–80% (CPS average)

Schools in Area

Hubbard High School
Marquette Elementary School
Pasteur Elementary School
Other CPS elementary and charter schools

Economic Factors

Employment & Business

Job GrowthStable, modest growth; population forecasted to grow 1.1% by 2025[4]

Unemployment RateApprox. 7% (estimate, not directly cited)

Business EnvironmentPrimarily local businesses, retail, and service sector

Commercial ActivityActive along major corridors (63rd St, Pulaski Rd)

Major Employers

Chicago Public Schools
City of Chicago
Healthcare providers
Retail and logistics

Infrastructure & Quality of Life

Infrastructure

Transportation Access

• CTA Orange Line (Pulaski station nearby)
• Multiple CTA bus routes
• Easy access to Midway Airport
• Major roads: Pulaski Rd, 63rd St

Utilities & Services

• City water/sewer
• ComEd electricity
• Peoples Gas

Quality of Life

Safety & Environment

Above city average; property and violent crime higher than Chicago median

Urban, moderate air quality, some green space

Healthcare Access

• Holy Cross Hospital
• Clinics and urgent care centers

Development Trends

Planned Developments

Small-scale residential rehabs
Retail upgrades along 63rd St

Infrastructure Projects

• Streetscape improvements
• Transit station upgrades

Investment Outlook

Growth Outlook

Stable, slow growth; modest appreciation expected

Investment Opportunities

• Value-add multi-family
• Single-family rehabs
• Affordable rental housing

Marketing Intelligence

Target Demographics

First-time buyers
Hispanic/Latino families
Investors seeking rental income
Move-up buyers from within the neighborhood

Competitive Advantages

Lower price point than many Chicago zip codes
Strong rental demand
Proximity to Midway Airport and transit

Pricing Strategies

Price competitively; highlight recent appreciation and rental yields

Common Objections & Response Strategies

Objection: Concerns about neighborhood safety

Response Strategy:

Share recent crime trend improvements, highlight block clubs and community policing, and focus on active neighborhood associations

Objection: School quality concerns

Response Strategy:

Point to specific schools with improving metrics, discuss after-school and enrichment programs, and proximity to charter options

Objection: Older housing stock

Response Strategy:

Emphasize value-add opportunities, recent renovations, and solid construction typical of Chicago bungalows

Objection: Limited new construction

Response Strategy:

Highlight affordability, character of existing homes, and ongoing infill/rehab activity

Professional Recommendations

Leverage bilingual marketing and community outreach

Highlight recent appreciation and rental demand in listing presentations

Educate buyers on financing programs for first-time and low-income purchasers

Network with local businesses and organizations to build trust

Stay updated on local zoning and development news to advise investors

Competitive Analysis

Comparable Markets

60632 (Chicago Lawn)
60638 (Garfield Ridge)
60623 (Little Village)

Market Positioning

Affordable, family-oriented, high rental demand

Competitive Advantages

Higher appreciation rate than nearby zip codes
Lower entry price
Strong community ties

Price Comparison

Lower median price than 60638, similar to 60632, higher than 60623

Investment Metrics

6–7% (estimate, based on rental yields and price points)

Cap Rates

6–7% gross annual yield (estimate)

Rental Yields

Approx. 12–14 (estimate)

Price-to-Rent

Strong for well-managed multi-family and single-family rentals

Cash Flow

5–8% annual appreciation expected through 2025

Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by affordability, family amenities, and transit; may need education on mortgage options and neighborhood strengths

Move-Up Buyers

Seek larger homes or multi-unit properties; value community familiarity

Downsizers

Less common, but some interest in smaller bungalows or condos

Investors

Active; focus on rental income, value-add rehabs, and stable tenant base

Relocators

Drawn by affordability, access to airport, and family connections

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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Nearby Areas

60632 (IL)

zip_code

2 miles away

$275,000

60623 (IL)

zip_code

4 miles away

$230,000

Similar Markets

60804 (IL)

zip_code

Similar market (100% price match)

$290,000

60632 (IL)

zip_code

Similar market (95% price match)

$275,000