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Chicago
  • City in Illinois

Chicago Real Estate Market

About Chicago Real Estate

Housing
grade C minus
Based on home values, property taxes, housing costs, local schools, and more.
Area Feel
Urban
Rent vs. Own
  • Rent
    55%
  • Own
    45%
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Real Estate Costs

Median Home Value
$258,000
National
$217,500
Home Values
  • <$50k
    3%
  • $50-$99k
    7%
  • $100-$199k
    26%
  • $200-$399k
    39%
  • $400-$749k
    17%
  • $750k+
    8%
Median Rent
$1,112
National
$1,062
Monthly Rent
  • <$500
    10%
  • $500-$999
    32%
  • $1,000-$1,499
    31%
  • $1,500-$1,999
    15%
  • $2,000+
    12%
18%
of residents say housing is affordable. 179 responses

Home Quality

Poll
54%
of residents say the exterior quality of homes is good or excellent. 179 responses
Poll
52%
of residents say the interior quality of homes is good or excellent. 179 responses
54%
of residents say there is a good variety of homes. 179 responses
51%
of residents say there are a few vacant or abandoned properties here and there. 179 responses
26%
of residents say that parking is readily available. 179 responses

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Overview

Homes in Chicago have a median value of $258,000. The median rent price in Chicago is $1,112 and most residents rent their homes. Chicago is very walkable, and there are a lot of bars, restaurants, coffee shops, and parks nearby.

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