ZIP Code Market Report
60623 — Chicago, IL
Data through February 2026 · Updated monthly
Avg Home Value
$208,783
▼ 1.7% year-over-year
Month-over-Month
-0.3%
▼ 0.3%
Single Family
$209,058
Condo / Co-op
$166,808
The average home value in the 60623 ZIP code (Chicago, Illinois) is $208,783 as of February 2026. Home prices are declining, down 1.7% compared to last year.
A 3-bedroom home in 60623 is valued at $212,212. Single-family homes average $209,058, while condos average $166,808.
The market in 60623 has a $116,198 spread between bottom-tier homes at $156,328 and top-tier homes at $272,526. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 60623 ZIP code will increase 1.6% over the next 12 months, bringing the projected average to approximately $212,124. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Kane County market area in Illinois. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Kane County report.
Free Home Value Estimate
What's your home worth in 60623 (Chicago)?
Get a free estimate based on recent sales and market data in your neighborhood. See how your home compares.
Free · Takes 30 seconds · Based on real sale data
Market Snapshot
60623 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $211,413 | $209,487 | $208,783 | ▼ 1.2% |
| Single Family Value | $209,665 | $209,048 | $209,058 | ▼ 0.3% |
Home Values
60623 Home Value Trend
Historical home values for ZIP code 60623. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 60623
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $175,241 |
| 3 Bedrooms | $212,212 |
| 4 Bedrooms | $234,570 |
Property Types
Home Values by Property Type in 60623
How different property types compare in this ZIP code.
All Homes
$208,783
Single Family
$209,058
Condo / Co-op
$166,808
Bottom Tier
$156,328
Top Tier
$272,526
Forecast
12-Month Home Value Forecast for 60623
Zillow projects home values in 60623 will increase 1.6% over the next year, reaching approximately $212,124.
Current Value
$208,783
Projected Change
+1.6%
▲ 1.6%
Projected Value
$212,124
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 60623 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
Investing in Chicago?
Run your ARV and MAO instantly with live market data