Cook County

Real Estate in Chicago, IL

Ready to move to Chicago, IL? Click below to learn more about recent housing trends, average home values and other real estate insights .

Real Estate Overview

So you want to move to Chicago, IL, but aren’t sure if you can afford the housing costs? Here’s what you need to know: The median home price in Chicago is $222,900, while the median rent for a one bedroom apartment is $965 . The median salary in Chicago, IL, is $48,522, and depending on how yours compares, it should help you determine which housing option is best for you.

Property Values in Chicago, IL

  $1,000,000 or More 2.8%
  $50k to $99k 9.6%
  $100k to $149k 14.2%
  $200k to $299k 23.5%
  $300k to $499k 20.7%
  $500k to $999k 9%
  Less than $50k 3.7%

$222900
Median Home Price
in Chicago, IL

Monthly Rent in Chicago, IL

Property Tax (with Mortgage) in Chicago, IL

$1.5k to $2k 25.9%
$1k to $1.5k 22.9%
$2.5k to $3k 10.6%
$2k to $2.5k 17.9%
Property Tax $3k or more 14.5%
$500 to $999 7.7%

$1859
Median Property Tax
in Chicago, IL

Property Tax (without Mortgage) in Chicago, IL

$1k or More 16.5%
$250 to $399 13.9%
$400 to $599 29%
$600 to $799 23.6%
$800 to $999 12.7%
Less than $250 4.3%
Property Tax Less $0.5k 0.5%

$222900
Median Propery Value
in Chicago, IL

$965
Median Rent
in Chicago, IL