Property Prices in Chicago, IL, United States

Index Info
Price to Income Ratio: 3.05
Mortgage as Percentage of Income: 27.54%
Loan Affordability Index: 3.63
Price to Rent Ratio - City Centre: 6.50
Price to Rent Ratio - Outside of Centre: 8.31
Gross Rental Yield (City Centre): 15.38%
Gross Rental Yield (Outside of Centre): 12.04%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,379.71 $ 1,850.00-3,000.00
Apartment (1 bedroom) Outside of Centre 1,563.50 $ 1,300.00-2,000.00
Apartment (3 bedrooms) in City Centre 4,595.65 $ 3,800.00-6,000.00
Apartment (3 bedrooms) Outside of Centre 2,906.00 $ 2,400.00-4,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 323.84 $ 248.42-600.00
Price per Square Feet to Buy Apartment Outside of Centre 267.12 $ 206.99-375.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,212.60 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.61 6.00-7.50

These data are based on 301 entries from 58 contributors over the past 18 months.
Last update: April 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.