ZIP Code 60505

In ZIP code 60505, which takes in part of Elgin, homes carry a median value of $205,100 against a county effective property tax rate of 2.26%. That rate applies to a housing stock priced well below what many Chicago-area buyers face, yet the annual tax bill still lands heavily on local paychecks. Median household income sits at $73,284, while per-capita income reaches just $27,021, so a single median-priced home consumes a meaningful share of earnings once taxes are added to mortgage costs. A combined sales tax of 8.25% further trims what households can set aside.