The story of this market
The typical home in ZIP 60516 sells for about $512,000, or $235 per square foot.
Prices are up +13.6% from a year ago, so sellers still have some momentum. Homes take about 39 days to sell. HUD's fair market rent for a two-bedroom is $1,676 a month.
ZIP 60516 — Downers Grove
The 60516 housing market is experiencing strong demand with a 13.6% year-over-year price increase, driven by limited inventory and high desirability. Buyers are competing for a low supply of homes, resulting in a median sale price of $512,000 and a quick market pace. The area's reputation for excellent schools and transit access continues to attract families and professionals.
This ZIP is ideal for families seeking high-quality schools and professionals who commute to the Chicago suburbs or downtown, offering a balance of suburban space and urban accessibility.
Median prices moved up 13.6% year over year.
Homes spend a median of 39 days on market with 2.1 months of supply — a fast-moving market.
28% of listings have cut prices · homes sell at 99.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.6% · poverty 4.9% — 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 5.2%/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
net influx — more people moved in than out
ZCTA 60516, 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.
Crime rates in the area remain low relative to the broader Chicago metropolitan region, with property crime being the primary concern.
The area is served by highly-rated public schools within the Downers Grove Grade School District 58 and Community High School District 99.
The area faces standard Midwestern climate risks, including occasional severe thunderstorms and winter weather, with localized flood risks in low-lying areas near the DuPage River.
Economic momentum is driven by proximity to the I-88 tech corridor and major corporate headquarters in nearby Oak Brook and Downers Grove.
Property taxes are assessed at the county level by DuPage County, with rates influenced by local school district and municipal levies.
Residents benefit from excellent access to the BNSF Railway Metra line for direct transit to downtown Chicago and proximity to I-355 and I-88 for regional driving.
The area features extensive access to the Morton Arboretum, numerous local parks, and the shopping and dining amenities of downtown Downers Grove.
The rental market is competitive with low vacancy rates, driven by demand from young professionals and families seeking access to top-tier school districts.
The economy is anchored by professional services, healthcare, and corporate headquarters located along the I-88 corridor.
The area is well-connected via the Metra BNSF line and major highway interchanges at I-355 and I-88.
Development is focused on transit-oriented residential projects and commercial revitalization in the downtown core.
DuPage County utilizes a market-value assessment system with periodic reassessments to ensure tax equity.
Parcels are subject to various special districts including school, library, park, and forest preserve districts.
Property insurance premiums are stable but reflect regional risks associated with severe weather events.
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 Fest4.511.8 mi
- Dave & Buster's Rosemont4.316 mi
- Slick City Action Park4.717.8 mi
- Activate Games4.96.4 mi
- Dave & Buster's Orland Park413.9 mi
- United Center4.719.4 mi
- Brookfield Zoo Chicago4.610.4 mi
- Allstate Arena4.317.4 mi
- Donald E. Stephens Convention Center4.516.4 mi
- SeatGeek Stadium4.411.2 mi
- Brookfield Zoo Chicago4.610.4 mi
- The Morton Arboretum4.83.8 mi
- Waterfall Glen Forest Preserve4.74.2 mi
- Cinemark Seven Bridges and IMAX4.42.5 mi
- Hindu Temple of Greater Chicago4.85.9 mi
- Thalia Hall4.719.6 mi
- Cantigny Park4.88.9 mi
- National Museum of Mexican Art4.818.8 mi
- DuPage Children's Museum4.46.5 mi
- Frank Lloyd Wright Home & Studio4.814.1 mi
- The Morton Arboretum4.83.8 mi
- Waterfall Glen Forest Preserve4.74.2 mi
- Cantigny Park4.88.9 mi
- Swallow Cliff Stairs4.810.4 mi
- Lilacia Park4.87.7 mi
- Basa's Marine, Inc.4.65.4 mi
- Topgolf Naperville4.49.9 mi
- Bolingbrook Golf Club4.59.9 mi
- Arrowhead Golf Club4.56.9 mi
- White Pines Golf Club4.112.3 mi
- Cantigny Golf4.78.6 mi
- Oakbrook Center4.66.3 mi
- Fox Valley Mall4.39.9 mi
- North Riverside Park Mall4.212 mi
- Chicago Ridge Mall4.212.9 mi
- Yorktown Center4.44.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A world-renowned outdoor museum and research center.
Provides extensive trails, sports fields, and community centers.
Historic district with diverse retail and restaurant options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.