The story of this market
The typical home in ZIP 60603 sells for about $341,039, or $341 per square foot.
Prices are up +5.31% from a year ago, so sellers still have some momentum. Homes take about 93 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,207 a month.
ZIP 60603 — Chicago
The 60603 housing market is characterized by a seller-favored environment with limited inventory and high demand for downtown living. Prices remain elevated relative to fundamentals, though the market is showing signs of cooling as inventory levels adjust.
This ZIP is best suited for urban professionals and commuters who prioritize proximity to the central business district and downtown amenities over traditional suburban space.
Median prices moved up 5.3% year over year.
Homes spend a median of 93 days on market with 0.0 months of supply — a slower-moving market.
50% of listings have cut prices · homes sell at 100% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.0% · poverty 14.1% — a stable, low-distress profile.
Built from 39 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.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 60603, Cook County IL
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is a dense urban core with limited new development space, primarily serving as a central business and high-density residential hub.
Property taxes in Cook County are assessed based on a complex system involving state-mandated equalization factors and local municipal/school district levies.
Located in the heart of Chicago's Loop, this ZIP offers immediate access to major CTA transit lines and is within walking distance of the city's primary employment core.
Residents have immediate access to Millennium Park, the Chicago Cultural Center, and the extensive shopping and dining districts of State Street and Michigan Avenue.
The rental market is highly competitive with a price-to-rent ratio of approximately 12.3, indicating that renting is currently slightly more cost-effective than buying.
The economy is anchored by professional services, finance, and tourism, benefiting from its location in the central business district of Chicago.
The area is served by extensive public transit, including multiple CTA 'L' train lines and numerous bus routes, making it one of the most transit-accessible locations in the region.
Development is primarily focused on high-density residential and commercial adaptive reuse projects within the existing urban fabric.
The Cook County Assessor's office manages property valuations, which are subject to triennial reassessment cycles.
Parcels are subject to various taxing bodies including the City of Chicago, Cook County, and Chicago Public Schools.
Property insurance premiums in this urban core are influenced by high-density construction risks and regional weather patterns.
Data retrieved from Census Bureau and Zip Code App profiles.
- Navy Pier4.61.3 mi
- Museum of Illusions Chicago4.60.2 mi
- Dave & Buster's Rosemont4.314.2 mi
- Sloomoo Institute - Chicago4.51.3 mi
- Color Factory Chicago4.70.6 mi
- Navy Pier4.61.3 mi
- Wrigley Field4.84.9 mi
- United Center4.72.5 mi
- Soldier Field4.51.4 mi
- McCormick Place4.52 mi
- Navy Pier4.61.3 mi
- Wrigley Field4.84.9 mi
- Millennium Park4.80.2 mi
- Shedd Aquarium4.51.1 mi
- Willis Tower4.50.6 mi
- Navy Pier4.61.3 mi
- Shedd Aquarium4.51.1 mi
- The Art Institute of Chicago4.80.2 mi
- Field Museum4.71.1 mi
- Griffin Museum of Science and Industry4.76.6 mi
- Millennium Park4.80.2 mi
- Garfield Park Conservatory4.84.7 mi
- Maggie Daley Park4.70.3 mi
- Grant Park4.70.6 mi
- Lincoln Park Conservatory4.83 mi
- First Lady4.80.5 mi
- Montrose Harbor4.75.7 mi
- DuSable Harbor4.60.8 mi
- Belmont Harbor4.74.4 mi
- Rockwell on the River4.75.2 mi
- Puttery4.71.3 mi
- Douglass (Anna & Frederick) Park4.44 mi
- Sydney R. Marovitz Golf Course3.85 mi
- Indian Boundary Golf Course4.112 mi
- Billy Caldwell4.110.3 mi
- Water Tower Place4.51.2 mi
- Christkindlmarket Chicago4.20.3 mi
- Eataly4.30.8 mi
- Nordstrom4.40.7 mi
- Harlem Irving Plaza4.410.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A world-class public park featuring the Cloud Gate sculpture and Pritzker Pavilion.
Historic retail corridor serving as a major downtown shopping destination.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.