The story of this market
The typical home in ZIP 60401 sells for about $345,000, or $173 per square foot.
Homes take about 42.6 days to sell. HUD's fair market rent for a two-bedroom is $1,095 a month.
ZIP 60401 — Beecher
The 60401 housing market is characterized by a stable, owner-occupied environment with a median home value of approximately $324,903. Market activity is driven by local demand for single-family homes, though specific data on inventory turnover and price cuts remains limited. The area serves as a quiet, rural-suburban community with a focus on residential stability.
This ZIP is best suited for family buyers seeking single-family homes in a quiet, rural-suburban setting, as well as those who prefer a lower-density environment away from the urban core.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 43 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.8% · poverty 6.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 60401, Will County IL
The area is served by local school districts with varying performance metrics; specific prevailing quality characterizations are not determinable.
The area maintains a rural-suburban character with limited large-scale industrial development; economic momentum is driven by local businesses and proximity to Will County employment hubs.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
Residents primarily rely on personal vehicles for commuting, with access to regional highway corridors connecting to the broader Chicago metropolitan area.
The area features local parks and open spaces typical of a rural-suburban community, with limited large-scale commercial shopping or entertainment districts within the immediate ZIP.
The rental market is characterized by a lower share of renters compared to the national average, with limited inventory and stable demand.
The local economy is primarily supported by small businesses and services, with residents often commuting to larger employment centers within Will County and the Chicago metro area.
Transportation is heavily reliant on private vehicle use, with regional road networks providing the primary connectivity to surrounding areas.
Development activity is primarily focused on residential infill and small-scale local projects.
Will County assessment practices follow standard Illinois property tax procedures.
Parcels are subject to local school district, county, and municipal tax levies.
Data retrieved from ZCTA 60401 census profiles.
Local recreational space serving the community.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).