The story of this market
The typical home in ZIP 60403 sells for about $301,000, or $141 per square foot.
Prices are up +8.95% from a year ago, so sellers still have some momentum. Homes take about 34 days to sell. HUD's fair market rent for a two-bedroom is $1,481 a month.
ZIP 60403 — Crest Hill
The 60403 housing market shows steady growth with a median listing price of $301,000 and a year-over-year increase of 8.95%. Market conditions remain competitive, driven by limited inventory and consistent demand from local buyers. Figures for specific metrics like price-cut percentages and months of supply are based on current market snapshots, while some demographic data relies on the most recent ACS vintages.
This ZIP is well-suited for budget-conscious family buyers and commuters who work in the Joliet industrial corridor. It offers a suburban lifestyle with accessible pricing compared to more northern Chicago suburbs, making it attractive for first-time homeowners.
Median prices moved up 8.9% year over year.
Homes spend a median of 34 days on market with 2.1 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.5% · poverty 11.9% — 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 8.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 60403, Will County IL
Crime rates in Crest Hill are generally considered moderate, with property crime being the most frequently reported issue. The area experiences crime levels comparable to similar suburban communities in the Will County region.
Schools serving the 60403 ZIP code are primarily part of the Joliet and Richland school districts, which maintain a mix of ratings. Educational quality is generally viewed as stable, though performance varies significantly between individual elementary and high school campuses.
The area faces standard Midwestern climate risks, including potential for severe thunderstorms and occasional high winds. Flood risk is generally low, though localized drainage issues can occur in specific low-lying residential pockets.
Economic momentum is driven by the proximity to Joliet's industrial and logistics hubs, which serve as major regional employers. Development is characterized by infill residential projects and continued commercial expansion along the Plainfield Road corridor.
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 commute via I-55 and I-80 toward the Joliet employment core or the Chicago metropolitan area. Public transit options are limited, making personal vehicle ownership the primary mode of transportation for most workers.
The area features several local parks and green spaces, including amenities managed by the Crest Hill Park District. Shopping and dining options are concentrated along the major arterial roads, providing convenient access to daily necessities.
The rental market is characterized by steady demand, supported by the area's affordability relative to the broader Chicago suburbs. Vacancy rates remain low, and the market includes a mix of single-family rentals and multi-family apartment complexes.
The local economy is heavily influenced by the logistics, warehousing, and manufacturing sectors centered in Will County. Major employers include regional distribution centers and healthcare providers serving the Joliet area.
The area is served by major highway corridors including I-55 and I-80, facilitating regional travel. Public transit is primarily limited to bus services connecting to regional rail hubs.
Development is focused on commercial infill and residential maintenance, with no major large-scale infrastructure projects currently reported within the ZIP boundaries.
The Will County Supervisor of Assessments oversees the appraisal process, utilizing mass appraisal techniques to determine property values for tax purposes.
Parcels are subject to levies from local school districts, the Will County Forest Preserve, and various municipal utility districts.
Property insurance premiums are influenced by regional weather patterns, including wind and hail risk common to Northern Illinois.
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Data retrieved from US Census Bureau ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Manages several local parks and recreational facilities for residents.
Primary commercial artery featuring various retail and dining establishments.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).