The story of this market
The typical home in ZIP 60408 sells for about $295,000, or $185 per square foot.
Homes take about 276 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,051 a month.
ZIP 60408 — Braidwood
The 60408 housing market is currently stable with low inventory and moderate sales activity. Prices have seen steady appreciation over the last decade, though the market remains sensitive to interest rate fluctuations. Data for specific metrics like price cuts and months of supply are limited due to the small sample size of recent transactions.
This ZIP is well-suited for families and commuters seeking more affordable housing options compared to the inner Chicago suburbs, while maintaining access to regional employment centers.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 276 days on market with 2.8 months of supply — a balanced-paced market.
0% 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 2.8% · poverty 5.9% — 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 6.9%/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 3.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 60408
The area is served by local districts including Reed-Custer Community Unit School District 255, which generally maintains stable community-focused ratings.
The area is characterized by a mix of residential and industrial land use, with proximity to regional logistics and energy infrastructure in Will and Grundy counties.
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 toward the Joliet and Chicago metropolitan employment hubs.
The area features access to local parks, the Braidwood Lake recreation area for fishing and boating, and proximity to regional forest preserves.
The rental market is primarily composed of single-family homes with limited multi-family inventory, reflecting a stable but low-turnover environment.
The local economy is anchored by energy production and regional logistics, with significant employment ties to the broader Will County industrial corridor.
Transportation is heavily reliant on private vehicles with access to I-55 and Route 53 as primary corridors.
Development is primarily focused on infill residential projects and small-scale commercial expansion.
Parcels are subject to local school district levies and municipal taxes for Braidwood and Braceville.
Data retrieved from 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.
Large cooling lake used for fishing and boating.
Provides local recreational facilities and community programming.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).