The story of this market
The typical home in ZIP 60431 sells for about $345,000, or $165 per square foot.
Prices are up +33.87% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,410 a month.
ZIP 60431 — Joliet
The 60431 housing market is currently balanced, with a median home price of $345,000 and a year-over-year price increase of nearly 34%. Supply remains constrained with 85 active listings, and homes are selling at approximately the asking price. The market is driven by steady demand and limited inventory, maintaining a stable outlook for the near term.
This ZIP is well-suited for families and commuters seeking suburban housing options with access to regional employment centers and established community amenities.
Median prices moved up 33.9% year over year.
Homes spend a median of 45 days on market with 4.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.6% · poverty 5.1% — 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 5.7%/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 2.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 60431, Will County IL
Crime trends in the Joliet area are generally consistent with regional averages for suburban Will County, with localized variations in safety metrics.
Schools serving the 60431 area are primarily part of the Joliet and Shorewood-adjacent districts, generally maintaining stable performance ratings.
The area is subject to standard Midwestern climate risks, including severe thunderstorms and occasional wind events; flood risk is localized to specific drainage basins.
The area benefits from proximity to major logistics and industrial hubs in Joliet, with ongoing residential development and infrastructure improvements supporting regional growth.
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 via I-55 or I-80 toward the Chicago metropolitan employment core, with travel times varying significantly based on traffic conditions.
The area features access to local parks, forest preserves, and proximity to the Des Plaines River trail systems, alongside suburban retail and dining corridors.
The rental market shows moderate demand with a median rent of $2,200, reflecting a mix of single-family rentals and multi-family units.
The local economy is anchored by logistics, manufacturing, and healthcare sectors, benefiting from Joliet's status as a major regional transportation hub.
The area is served by major highway corridors including I-55 and I-80, facilitating regional transit and freight movement.
Development pipeline includes ongoing residential infill and commercial expansion projects along major arterial roads.
The Will County Supervisor of Assessments oversees the valuation process, utilizing mass appraisal techniques for residential properties.
Parcels are subject to various special districts, including school districts, community college districts, and local fire protection districts.
Property insurance premiums are influenced by regional hazard profiles, including wind and storm exposure common to Northern Illinois.
Data retrieved from data.census.gov ZCTA-level tables.
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.
- Bengtson's Pumpkin Farm and Fall Fest4.514.3 mi
- Raging Waves4.218.7 mi
- Dave & Buster's Orland Park418.6 mi
- The Forge Adventure Park & Ziplines4.515.3 mi
- K1 Speed Mokena4.318.6 mi
- Bengtson's Pumpkin Farm and Fall Fest4.514.3 mi
- Cog Hill Golf & Country Club4.416.4 mi
- Paramount Theatre4.818.3 mi
- Bolingbrook Golf Club4.510.8 mi
- The Mecca Center4.719 mi
- Old Joliet Prison4.66.1 mi
- Hyper Kidz Bolingbrook4.813 mi
- HellsGate Haunted House4.56.7 mi
- AMC New Lenox 144.49.9 mi
- Commissioners Park4.711.6 mi
- DuPage Children's Museum4.418.5 mi
- Old Joliet Prison4.66.1 mi
- Two Brothers Roundhouse4.418.4 mi
- Edith Farnsworth House4.719.9 mi
- Naper Settlement4.517.9 mi
- Commissioners Park4.711.6 mi
- Dellwood Park4.77.7 mi
- Midewin National Tallgrass Prairie4.612 mi
- Pilcher Park Nature Center4.78.4 mi
- Legacy Adventure Park4.66.9 mi
- Chicago River Canoe & Kayak at Tampier Lake4.517.6 mi
- Big Basin Marina4.36 mi
- Basa's Marine, Inc.4.614.7 mi
- Bolingbrook Golf Club4.510.8 mi
- Mistwood Golf Club4.86.1 mi
- Whitetail Ridge Golf Club4.511.9 mi
- Prairie Bluff Public Golf Club4.37.4 mi
- Broken Arrow Golf Club3.79.7 mi
- Louis Joliet Mall44.5 mi
- Blain's Farm & Fleet4.57.4 mi
- T.J. Maxx4.311.8 mi
- Meijer4.48.5 mi
- Angelo Caputo's Fresh Markets - Naperville4.611.8 mi
- Chicago Midway International Airport429.2 mi
- Illinois Aviation Museum4.813.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides extensive community parks and recreational programming.
Offers regional connectivity for hiking and cycling.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).