Chicago, IL Housing


270 Reviews



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United States / Illinois / Chicago-Naperville-Elgin Metro Area / Cook County / Chicago / Zip Codes
Housing in Chicago, IL is more affordable than the national median at a median value of $284,100. While the US House Median Value is $338,100, the appreciation rate for housing in Chicago is lower at 6.14%, compared to 8.27% nationally. Despite this lower rate of growth, Chicago remains an attractive option for those looking for a place to live with its combination of affordability and access to amenities like jobs and entertainment offerings.

The median home cost in Chicago is $284,100. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Chicago is up 10.1%.

Average Age of Homes
- The median age of Chicago real estate is 69 years old
The Rental Market in Chicago
- Renters make up 47.8% of the Chicago population
- 3.1% of houses and apartments in Chicago, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

   Housing by Year Built

  HousingChicago, IllinoisUnited States
  1,252,478.0139,647,020.0
  7042
  $284,100$338,100
  10.1%16.6%
  33.4%57.0%
  66.0%101.1%
  $15.90$10.98
  $4,415$2,690
  40.5%57.4%
  11.2%11.2%
  48.3%31.4%
  Vacant Housing
  3.1%1.9%
  0.4%0.4%
  0.7%0.7%
  0.3%0.4%
  0.8%3.6%
  5.9%4.1%
  Value of Owner-Occupied Housing
  1.7%2.6%
  0.9%2.4%
  1.1%2.8%
  1.8%3.9%
  2.9%4.5%
  8.8%11.3%
  13.6%13.0%
  24.5%20.1%
  16.5%13.6%
  9.6%8.3%
  10.2%9.7%
  4.0%3.9%
  2.2%2.2%
  0.9%0.8%
  1.2%1.1%
  Housing Units by Year Structure Built
  0.0%0.2%
  8.0%13.6%
  8.0%13.6%
  5.1%13.6%
  4.8%13.2%
  7.7%14.8%
  5.1%13.6%
  11.8%10.0%
  8.8%4.7%
  40.3%12.2%
Reviews for Chicago
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Sam · Chicago, IL
Beautiful city with reasonable cost of living
This Year

I've lived in Chicago city and later moved to suburbs when family size increased. Absolutely love this city. This is the cleanest and most beautiful among the major  More

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Daniel · Bremen, IN
My Favorite City in the Country
Over 1 years ago

Chicago is probably the best value in a major city that you can find and my personal favorite city. It will become increasingly important as climate change makes the  More

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Betty · Chicago, IL
Crime ridden Medical center.
Over 1 years ago

I've live on north side and south side, UIC medical center. Don't move here go to the north side. No good amenities, if you get bored with one there is no other choices.  More

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