Zip 60940 (Grant Park, IL) Housing

The housing market in Grant Park, IL (zip code 60940) is performing well overall. The median value of homes within this area is $223,500, which is slightly lower than the national average of $338,100. However, this area has shown a healthy 1 year appreciation rate of 7.34%, just under the US average of 8.27%. This suggests that the housing market in Grant Park is performing relatively well and could be an attractive option for prospective buyers looking to purchase a home in this area.

The median home cost in Grant Park (zip 60940) is $223,500. Home appreciation the last 10 years has been 52.8%. Home Appreciation in Grant Park (zip 60940) is up 15.4%.

Average Age of Homes

- The median age of Grant Park (zip 60940) real estate is 39 years old

The Rental Market in Grant Park (zip 60940)

- Renters make up 15.3% of the Grant Park (zip 60940) population
- 1.5% of houses and apartments in Grant Park (zip 60940), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Grant Park, Illinois	United States
	1,162.0	139,647,020.0
	45	42
	$223,500	$338,100
	15.4%	16.6%
	42.7%	57.0%
	52.8%	101.1%
	$22.55	$10.98
	$5,126	$2,690
	79.8%	57.4%
	5.3%	11.2%
	14.9%	31.4%
Vacant Housing
	1.5%	1.9%
	0.0%	0.4%
	1.7%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	2.2%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.8%	2.4%
	1.7%	2.8%
	2.3%	3.9%
	0.8%	4.5%
	16.9%	11.3%
	21.1%	13.0%
	31.1%	20.1%
	17.7%	13.6%
	3.0%	8.3%
	4.6%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	14.4%	13.6%
	14.4%	13.6%
	17.9%	13.6%
	8.7%	13.2%
	21.0%	14.8%
	17.9%	13.6%
	4.5%	10.0%
	5.3%	4.7%
	21.3%	12.2%

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