Chicago, IL Homes and Housing

Chicago Housing Overview

The median owner costs for Chicago, IL are 1,945, as seen in the table below. The median construction year for homes in Chicago, IL is 1945. In Chicago, IL houses typically have less rooms than the national average.

City State USA
Median Owner Costs
$1,945
Very High
$1,692
Very High
$1,524
National Median
Median Rent
$760
Very High
$709
High
$699
National Median
Median Built Year
1945
1965
1975
Median Rooms
5
6
6

Chicago Housing Occupancy

The following table shows a general overview of home occupancy in Chicago, IL. The percentage of owner occupied homes is above the national average. The number of rental homes is below the national average.

Type City State USA
Owner Occupied
41.2%
493,819 Homes
62.7%
3,300,691 Homes
58.5%
76,089,650 Homes
Renter Occupied
45.0%
539,203 Homes
27.9%
1,469,260 Homes
29.3%
38,146,346 Homes
For Rent
4.0%
48,121 Homes
2.3%
122,158 Homes
2.5%
3,286,932 Homes
For Sale
1.6%
19,664 Homes
1.5%
79,278 Homes
1.5%
1,886,522 Homes
For Seasonal, Recreational, or Occasional Use
0.9%
10,736 Homes
0.8%
41,996 Homes
3.6%
4,683,380 Homes
Total Occupied
86.2%
1,033,022 Homes
90.6%
4,769,951 Homes
87.8%
114,235,996 Homes
Total Vacant
13.8%
164,719 Homes
9.4%
497,663 Homes
12.2%
15,802,084 Homes
Total Housing
1,197,741
5,267,614
130,038,080

Chicago Mortgage Status

The information below is a summary of mortgage status in Chicago, IL. Here 30.3% of homes do not have a mortgage. This is below the national average.

Type City State USA
Has a Mortgage
30.3%
363,133 Homes
43.6%
2,296,372 Homes
39.8%
51,696,841 Homes
No Mortgage
10.9%
130,686 Homes
19.1%
1,004,319 Homes
18.8%
24,392,809 Homes

Chicago Monthly Owner Costs for Housing Homes with a Mortgage

The following table displays information on monthly cost averages for home owners in Chicago, IL. The average monthly cost to owners is $1,945.

Monthly Mortgage City State USA
< $500
0.5%
1,672 Homes
1.5%
34,031 Homes
2.1%
1,067,631 Homes
$500 - $999
7.3%
26,402 Homes
15.4%
354,512 Homes
19.8%
10,235,704 Homes
$1,000 - $1,499
19.8%
72,033 Homes
23.9%
548,617 Homes
27.1%
13,998,238 Homes
$1,500 - $1,999
25.2%
91,384 Homes
22.8%
522,967 Homes
19.9%
10,309,611 Homes
$2,000 - $2,999
30.0%
108,907 Homes
24.3%
557,015 Homes
19.4%
10,022,149 Homes
> $3,000
17.3%
62,735 Homes
12.2%
279,230 Homes
11.7%
6,063,508 Homes

Chicago Rental Prices

The information in the table below represents monthly rental price averages in Chicago, IL. Renters pay an average of $760 monthly.

Monthly Rent City State USA
< $300
7.7%
41,323 Homes
9.2%
135,441 Homes
9.0%
3,437,912 Homes
$300 - $499
8.3%
44,538 Homes
15.3%
224,544 Homes
16.3%
6,217,643 Homes
$500 - $699
23.9%
128,797 Homes
22.2%
326,375 Homes
21.9%
8,360,532 Homes
$700 - $999
34.0%
183,516 Homes
29.5%
432,765 Homes
24.0%
9,150,071 Homes
$1,000- $1,499
16.4%
88,248 Homes
13.8%
202,076 Homes
15.3%
5,825,969 Homes
$1,500 - $1,999
4.9%
26,609 Homes
3.7%
54,745 Homes
5.0%
1,898,263 Homes
> $2,000
2.3%
12,574 Homes
1.9%
28,453 Homes
2.8%
1,078,925 Homes
Notes
  • City rating based on comparing Chicago to other Illinois cities.
  • State rating based on comparing Illinois to other U.S. states.
  • All ratings are segmented into quintiles (very low, low, average, high, very high).
  • Data provided by the 2010 U.S. Census.
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