The story of this market
The typical home in ZIP 60475 sells for about $179,895, or $137 per square foot.
Prices are down 2.3% from a year ago, which gives buyers more room to negotiate. Homes take about 96 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,072 a month.
ZIP 60475 — Steger
The 60475 housing market is currently balanced, with prices showing a slight year-over-year decline as inventory levels remain tight. Buyers currently hold moderate negotiating leverage, though the market remains sensitive to interest rate fluctuations and local economic conditions. Data for specific tax history and detailed permit activity is not currently published at the ZIP level.
This ZIP is well-suited for budget-conscious family buyers and commuters seeking affordable housing options within reach of the Chicago metro area.
Median prices moved down 2.3% year over year.
Homes spend a median of 96 days on market with 1.2 months of supply — a fast-moving market.
25% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.9% · poverty 12.5% — a stable, low-distress profile.
Built from 57 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
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 5.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 60475
The area is served by local elementary and middle centers with varying student-teacher ratios, generally reflecting a suburban school district profile.
The area is primarily residential with proximity to Chicago-area employment hubs, though major new commercial developments are not currently reported.
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 typically commute toward the Chicago metropolitan employment core via regional highway corridors and local transit options.
The area features local parks and community centers, with access to broader shopping and dining districts within a short driving distance.
The rental market shows moderate pressure with a mix of single-family and multi-family units, reflecting the area's affordability relative to the broader metro.
The local economy is driven by small-scale retail and services, with residents largely participating in the broader Chicago regional labor market.
The area is served by local road networks connecting to major regional highways for commuting.
No major large-scale commercial or infrastructure developments are currently reported for this ZIP.
Parcels are subject to local school district, municipal, and county-level special service area taxes.
Standard property insurance coverage is available, with premiums influenced by regional hazard profiles.
Data retrieved from Census ZCTA profiles and local housing market reports.
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.
Local educational facility serving the community.
Middle school serving the 60475 area.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).