Home values, rents and more in ZIP code 60516 (Downers Grove, IL)
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open 60516 in ProMap- Under $370k
- $370k–$430k
- $430k–$500k
- $500k–$580k
- $580k+
- No data
How 60516 compares
The typical home in ZIP code 60516 (Downers Grove, IL) is worth about $498,000, according to the Zillow Home Value Index for September 2026. Home values in 60516 are 40% above the typical value in the Chicago metro area ($356,000) and 36% above the U.S. typical value ($366,000).
Over the past year, home values in 60516 rose 6.2%, compared with +5.0% in the Chicago metro area and +1.2% nationally.
Typical rent is $1,941 a month (Zillow Observed Rent Index), 10% below the Chicago metro area ($2,163) and about the same as the U.S. ($1,932).
The median household income is $115,480, against $90,887 in the Chicago metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 28,062 people live in 60516 (American Community Survey 2020–24).
60516 has the 58th-highest typical home value of the 367 ZIP codes in the Chicago metro area and the 57th-highest of 1,084 in Illinois with Zillow figures.
Part of: Downers Grove, IL · DuPage County, IL · Chicago metro area · Illinois
More for 60516 in ProMap Plus
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- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Zillow 12-month price forecast
- Crime rates
- School test scores
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby ZIP codes
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.