The story of this market
The typical home in ZIP 60515 sells for about $521,000, or $245 per square foot.
Prices are up +13.1% 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 $1,661 a month.
ZIP 60515 — Downers Grove
The Downers Grove housing market remains highly competitive, characterized by low inventory and strong buyer demand that has pushed median prices up by over 13% year-over-year. Limited supply and the area's reputation for excellent schools continue to drive rapid sales, with homes frequently selling above the asking price.
This ZIP is ideal for families seeking top-tier schools and professionals commuting to Chicago or the western suburbs, offering a balance of historic charm, modern amenities, and reliable transit infrastructure.
Median prices moved up 13.1% year over year.
Homes spend a median of 45 days on market with 1.4 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 102.56% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.9% · poverty 5.7% — 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 4.6%/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 3.3%/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 60515, DuPage County IL
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Downers Grove maintains a low crime rate compared to the broader Chicago metropolitan area, with property and violent crime indices consistently trending below national averages.
The area is served by highly-rated public schools, including Downers Grove North and South High Schools, which are frequently recognized for academic excellence and robust extracurricular programs.
The region faces moderate risk from severe thunderstorms and occasional flooding in low-lying areas near the DuPage River, with standard insurance coverage typically sufficient for most residential properties.
Economic momentum is driven by a diverse mix of corporate headquarters and professional services along the I-88 corridor, supported by ongoing transit-oriented development near the downtown Metra station.
Property taxes in Downers Grove are determined by the DuPage County assessment process, incorporating local school district, municipal, and special service area levies; Illinois does not have a state-level property tax.
Residents benefit from excellent connectivity via the BNSF Metra line providing direct access to Chicago's Union Station, alongside proximity to major expressways including I-88 and I-355.
The area features extensive green space including Lyman Woods and McCollum Park, with a vibrant downtown district offering diverse dining, boutique shopping, and seasonal community events.
The rental market is characterized by high demand and low vacancy rates, driven by professionals seeking suburban amenities with urban accessibility; short-term rental activity is strictly regulated by municipal ordinance.
The local economy is anchored by a mix of healthcare, professional services, and corporate regional offices, benefiting from its strategic location in the DuPage County business hub.
The area is highly accessible via the BNSF Railway Metra line and major highway corridors including I-88 and I-355, facilitating efficient regional travel.
Development focus remains on revitalizing the downtown core and enhancing pedestrian connectivity between residential neighborhoods and transit hubs.
The DuPage County Assessor manages property valuations based on a triennial reassessment cycle, ensuring market-value alignment for tax purposes.
Parcels are subject to various taxing bodies including Downers Grove Grade School District 58, Community High School District 99, and the Downers Grove Park District.
Property insurance premiums are stable, reflecting the area's low risk profile for major natural disasters, though standard coverage for wind and hail remains recommended.
Data retrieved from data.census.gov ZCTA 60515 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.
- Bengtson's Pumpkin Farm and Fall Fest4.514.4 mi
- Dave & Buster's Rosemont4.313.7 mi
- Slick City Action Park4.717.8 mi
- Activate Games4.94.3 mi
- Round1 Bowling & Arcade - North Riverside4.111.1 mi
- United Center4.718.5 mi
- Brookfield Zoo Chicago4.69.6 mi
- Allstate Arena4.314.9 mi
- Rate Field4.620 mi
- The Salt Shed4.719.7 mi
- Brookfield Zoo Chicago4.69.6 mi
- The Morton Arboretum4.82.5 mi
- Waterfall Glen Forest Preserve4.76.6 mi
- Cinemark Seven Bridges and IMAX4.44 mi
- Hindu Temple of Greater Chicago4.88.7 mi
- Thalia Hall4.719 mi
- Cantigny Park4.87.6 mi
- National Museum of Mexican Art4.818.2 mi
- DuPage Children's Museum4.46.9 mi
- WNDR Museum4.119.4 mi
- The Morton Arboretum4.82.5 mi
- Waterfall Glen Forest Preserve4.76.6 mi
- Cantigny Park4.87.6 mi
- Swallow Cliff Stairs4.812.3 mi
- Lilacia Park4.84.9 mi
- Topgolf Naperville4.49.7 mi
- Bolingbrook Golf Club4.512.1 mi
- White Pines Golf Club4.19.7 mi
- Arrowhead Golf Club4.55.9 mi
- Cantigny Golf4.77.3 mi
- Oakbrook Center4.64.3 mi
- Fox Valley Mall4.310.5 mi
- North Riverside Park Mall4.211.1 mi
- Yorktown Center4.42 mi
- H Mart Naperville4.55.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
150-acre preserve featuring hiking trails and an interpretive center.
Large community park with sports fields, playgrounds, and a water park.
Historic downtown area with diverse restaurants, boutiques, and the Tivoli Theatre.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.