The story of this market
The typical home in ZIP 60424 sells for about $191,600, or $115 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,035 a month.
ZIP 60424 — Gardner
The housing market in 60424 remains stable with low inventory and modest price growth. Limited sales volume reflects the rural nature of the area, where demand is steady but not aggressive. Current conditions are driven by local affordability and a lack of new construction activity.
This ZIP code is best suited for families and individuals seeking a quiet, rural lifestyle with lower housing costs compared to the nearby Chicago suburbs.
Median prices moved up 2.1% year over year.
Homes spend a median of 68 days on market with 7.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 10.0% · poverty 15.0% — a mixed stability 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 3.1%/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 4.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 60424, Illinois
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 rely on personal vehicles for commuting, with access to regional highway corridors for travel toward employment centers in the Chicago metropolitan area.
The area features local parks and open spaces typical of rural northeast Illinois, with limited immediate access to major commercial shopping districts.
The rental market is characterized by low inventory and limited turnover, primarily serving local residents rather than short-term vacationers.
The local economy is primarily driven by small-scale commerce and agricultural support services, with many residents commuting to larger employment hubs in the region.
Parcels are subject to local school district and county-level property tax levies.
Data retrieved from data.census.gov ZCTA 60424 profile.
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 community green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.