Property Prices in Chicago, IL, United States

Index Info
Price to Income Ratio: 2.85
Mortgage as Percentage of Income: 25.75%
Loan Affordability Index: 3.88
Price to Rent Ratio - City Centre: 6.45
Price to Rent Ratio - Outside of Centre: 7.88
Gross Rental Yield (City Centre): 15.49%
Gross Rental Yield (Outside of Centre): 12.70%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 22,288.30 kr 17,295.84-28,826.40
Apartment (1 bedroom) Outside of Centre 14,735.09 kr 12,491.44-18,256.72
Apartment (3 bedrooms) in City Centre 43,763.72 kr 36,513.44-52,848.40
Apartment (3 bedrooms) Outside of Centre 26,620.74 kr 21,619.80-34,591.68
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 3,034.84 kr 2,387.02-4,131.75
Price per Square Feet to Buy Apartment Outside of Centre 2,356.53 kr 1,921.94-3,363.05
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 50,863.15 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.62 6.00-7.50

These data are based on 299 entries from 59 contributors over the past 18 months.
Last update: 22 May 2025

Sources and References
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1 Comments so far
mamta shukla on Nov 14, 2021:
i would like to purchase 1BR apartment in Chicago. but i am not aware of procedure and cost.
if i can get details, will be very much convenient for me to decide and invest.
currently i am residence of Dubai and holding Indian passport.
Thanks.