ZIP Code 60617

In Chicago's 60617 ZIP code, homes carry a median value of $180,700, and the county-level effective property tax rate of 1.91% works out to roughly $3,450 a year in taxes on such a home. With median household income at $51,778 and per-capita income at $28,111, that annual bill amounts to about 6.7% of a typical household's earnings. Sales tax adds 10.25% to most purchases, trimming what's left for housing costs. Buyers weighing a purchase here should factor the tax bill into monthly budgeting alongside the mortgage itself.