The story of this market
The typical home in ZIP 60448 sells for about $432,871, or $205 per square foot.
Prices are up +12.36% from a year ago, so sellers still have some momentum. Homes take about 46 days to sell. HUD's fair market rent for a two-bedroom is $1,259 a month.
ZIP 60448 — Mokena
The 60448 housing market is currently experiencing strong pricing power and steady demand, evidenced by a 12.36% year-over-year price increase. Tight inventory levels and a healthy median sale price of $524,900 suggest a competitive environment for buyers, while sellers benefit from rapid turnover and high sale-to-list ratios.
This ZIP is ideal for family buyers and commuters seeking a suburban lifestyle with high-quality schools and convenient access to regional transit corridors.
Median prices moved up 12.4% year over year.
Homes spend a median of 46 days on market with 2.1 months of supply — a fast-moving market.
18% 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 3.9% · poverty 4.5% — 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 5.8%/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 4.3%/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 60448, Will County IL
Mokena generally reports low crime rates compared to the broader Chicago metropolitan area, with property and violent crime incidents remaining well below regional averages.
The area is served by highly-rated public school districts, including Lincoln-Way Community High School District 210, which is recognized for strong academic performance and college readiness.
The region faces moderate risk from severe thunderstorms and occasional high winds, with standard flood insurance requirements for properties located in designated floodplain zones.
Economic momentum is driven by its status as a growing residential suburb with proximity to major logistics and industrial hubs in Will County, supported by ongoing infrastructure improvements.
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 to the Chicago employment core via the Metra Rock Island District line or by driving along I-80 and I-355.
The area features extensive local park systems, including the Hickory Creek Forest Preserve, and offers convenient access to golf courses and suburban shopping centers within a 3-mile radius.
The rental market is characterized by low vacancy rates and steady rent growth, with limited short-term rental inventory and a primary focus on long-term family housing.
The local economy is supported by a mix of professional services, healthcare, and logistics, benefiting from its strategic location in the Chicago Southland industrial corridor.
Transportation is anchored by the Metra Rock Island line and major highway access via I-80, facilitating regional connectivity.
Development is focused on infill residential projects and the revitalization of the downtown commercial district.
The Will County Supervisor of Assessments oversees the valuation process, utilizing mass appraisal techniques for annual property tax assessments.
Parcels are subject to various special districts, including local library, fire protection, and community college districts.
Property insurance premiums are stable, though homeowners are advised to maintain coverage for wind and hail damage common in the region.
Data retrieved from data.census.gov ZCTA-level tables.
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.
Large nature preserve offering trails and outdoor recreation.
Central community park with sports facilities and playgrounds.
Key-figure check: median price diverges 21.3% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $524,900 (+21.3% vs the prior refresh cycle) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.