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Zip Code 60416 Housing Analysis


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Housing Analysis

Everyone needs shelter in rented housing or individually owned homes. Each community, including zip code 60416, is different from the rest based on overall architecture, appearance, occupancy, average housing square footage, average home value, and average home age.





(updated 2010)







Percentage of Family Households in Zip Code 60416: 70.6%

Percentage of Family Households in Illinois: 65.8%


(updated 2010)



Population in Group Quarters in Zip Code 60416

Noninstitutionalized population


  • Other noninstitutional facilities : 100%


(updated 2010)









Median Household Income In 2000 (60416, IL): $51,223
Median Household Income In 2000 (Illinois): $46,590


(updated 2010)



Median House/Condo Value in 2000 (60416): $118,100
Median House/Condo Value in 2000 (Illinois): $127,800


(updated 2010)



Median Gross Rent in 2000 (60416): $636
Median Gross Rent in 2000 (Illinois): $605


(updated 2010)



Most Commonly Used Heating Fuel in Zip Code 60416

Utility Gas: 83.3%
Bottled, Tank, Or Lp Gas: 2.1%
Electricity: 14.1%
Fuel Oil, Kerosene, Etc.: 0.0%
Coal Or Coke: 0.0%
Wood: 0.0%
Solar Energy: 0.0%
Other Fuel: 0.4%
No Fuel Used: 0.2%


(updated 2010)





(updated 2010)



Building Permits in Zip Code 60416

* Units are useful in showing how many separate living spaces
were built. e.g. apartments, townhomes, condos, etc.

    Buildings Units Cost
1999        
  Single Family 7 7 $901,466
  Two Family 1 2 $140,000
  Three and Four Family 0 0 $0
  Five or More Family 2 14 $380,000
  Total

10 23 $1,421,466
2000        
  Single Family 17 17 $1,825,674
  Two Family 0 0 $0
  Three and Four Family 0 0 $0
  Five or More Family 0 0 $0
  Total

17 17 $1,825,674
2001        
  Single Family 49 49 $4,664,077
  Two Family 0 0 $0
  Three and Four Family 1 3 $166,000
  Five or More Family 1 8 $450,000
  Total

51 60 $5,280,077
2002        
  Single Family 79 79 $9,122,214
  Two Family 1 2 $90,000
  Three and Four Family 3 11 $515,000
  Five or More Family 2 24 $1,600,000
  Total

85 116 $11,327,214
2003        
  Single Family 77 77 $9,439,596
  Two Family 0 0 $0
  Three and Four Family 0 0 $0
  Five or More Family 4 36 $2,480,000
  Total

81 113 $11,919,596
2004        
  Single Family 115 115 $18,664,590
  Two Family 5 10 $1,220,000
  Three and Four Family 0 0 $0
  Five or More Family 1 12 $800,000
  Total

121 137 $20,684,590
2005        
  Single Family 97 97 $15,753,736
  Two Family 2 4 $565,000
  Three and Four Family 0 0 $0
  Five or More Family 0 0 $0
  Total

99 101 $16,318,736
2006        
  Single Family 97 97 $13,339,338
  Two Family 0 0 $0
  Three and Four Family 0 0 $0
  Five or More Family 2 16 $1,060,000
  Total

99 113 $14,399,338


(updated 2007)



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