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Single Family ResidenceResidential
$224,308$190 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 91How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Aug 30, 2026

1940 TERRACE RD

HOMEWOOD, IL 60430
3
Beds
2
Baths
1,180 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.45 ac
Lot SizeThe size of the land the home sits on, from county records.
1960
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
6
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$224K
$203K low$245K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$5,374 (2023)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$19,987 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$9,910
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$10,077
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$19,986
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$199,870

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.41
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
22
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
71
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
74
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
40
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Split Level
CountyCook
Lot (acres)The size of the land the home sits on, from county records.0.46
ConstructionThe main material the home's frame and walls are built from.Masonry/Concrete Masonry Units (Cmus)
RoofThe main material covering the roof, such as asphalt shingle or tile.Composition Shingle
HeatingThe type of heating system in the home.Forced Air
CoolingThe type of cooling or air conditioning in the home.None
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Detached

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Western Avenue Elementary SchoolB+
Elementary · Grades PK–5 · 0.7 mi
M
Parker Junior High SchoolB
Middle · Grades 6–8 · 1.2 mi
H
Homewood-Flossmoor High SchoolB-
High · Grades 9–12 · 1.5 mi

District: Flossmoor School District 161

Neighborhood · ZIP 60430These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.59
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.104
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.41

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.95%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.28%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.9.8%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.5%
PopulationHow many people live in this area.18,630
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.3,169 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$85,445
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$103,344
Average tempThe average temperature here across a full year.50°F
Annual precipHow much rain and melted snow falls here in a typical year.38 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.54%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

1940 Terrace Rd measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 76% of homes in Cook County
  • Costs less per square foot than 73% of homes in Cook County
  • Smaller than 70% of homes in Homewood 60430
  • Has a bigger lot than 81% of homes in Cook County

What homes are worth in Homewood 60430

Each bar is how many homes fall in that price range. The marker is this home.

This home
$91K$435K

This home is worth more than 36% of homes in Homewood 60430.

How it measures up in Homewood 60430

The dot is this home. The mark in the middle is the typical home in Homewood 60430.

Estimated value$224,308
CheaperTypical $249,281Pricier

Pricier than 36% of homes nearby

Price per ft²$190
CheaperTypical $173Pricier

Pricier than 70% of homes nearby

Living area1,180 ft²
SmallerTypical 1,362 ft²Bigger

Bigger than 30% of homes nearby

Lot size0.45 ac
SmallerTypical 0.21 acBigger

Bigger than 77% of homes nearby

Year built1960
OlderTypical 1961Newer

Newer than 50% of homes nearby

How 1940 Terrace Rd ranks against every home in each area.
MeasureThis homeHomewood 60430Cook County
Estimated valuepricier than$224,30836% of homes24% of homes
Price per ft²pricier than$19070% of homes27% of homes
Living areabigger than1,180 ft²30% of homes30% of homes
Lot sizebigger than0.45 ac77% of homes81% of homes
Year builtnewer than196050% of homes53% of homes

About 1940 Terrace Rd

How much is 1940 Terrace Rd, Homewood, IL worth?

The TopHap Estimate for 1940 Terrace Rd, Homewood, IL is $224,308 as of Aug 30, 2026. The likely range is $203,317 to $245,299. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 1940 Terrace Rd, Homewood, IL last sell?

1940 Terrace Rd, Homewood, IL last sold on Dec 31, 1998, according to the county's recorded deed.

How big is 1940 Terrace Rd, Homewood, IL?

1940 Terrace Rd, Homewood, IL has 3 bedrooms, 2 bathrooms, 1,180 square feet of living space and a 0.46-acre lot.

When was 1940 Terrace Rd, Homewood, IL built?

1940 Terrace Rd, Homewood, IL was built in 1960, making it 66 years old. It is a split level home. The building has 2 stories.

What schools serve 1940 Terrace Rd, Homewood, IL?

1940 Terrace Rd, Homewood, IL is assigned to Western Avenue Elementary School (elementary), rated B+; Parker Junior High School (middle), rated B; Homewood-Flossmoor High School (high), rated B-. All sit in Flossmoor School District 161. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 1940 Terrace Rd, Homewood, IL compare to other homes in Homewood 60430?

Among the 7,745 homes in Homewood 60430, it is worth more than 36% of them ($224,308 against a typical $249,281), its price per square foot is higher than 70% of them ($190 against a typical $173), it is bigger than 30% of them (1,180 ft² against a typical 1,362 ft²), its lot is bigger than 77% of them (0.45 ac against a typical 0.21 ac) and it is newer than 50% of them (1960 against a typical 1961). Measured against all of Cook County, it is worth more than 24% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 1940 Terrace Rd, Homewood, IL?

The 2023 property tax bill for 1940 Terrace Rd, Homewood, IL was $5,374. The county assessed it at $19,987.

More homes on Terrace Rd

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More homes in Homewood 60430

Assigned schools

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