Property Prices in Chicago, IL, United States

Index Info
Price to Income Ratio: 2.87
Mortgage as Percentage of Income: 25.92%
Loan Affordability Index: 3.86
Price to Rent Ratio - City Centre: 6.29
Price to Rent Ratio - Outside of Centre: 8.05
Gross Rental Yield (City Centre): 15.90%
Gross Rental Yield (Outside of Centre): 12.43%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,367.94 $ 1,850.00-3,000.00
Apartment (1 bedroom) Outside of Centre 1,551.90 $ 1,300.00-1,900.00
Apartment (3 bedrooms) in City Centre 4,580.95 $ 3,800.00-5,500.00
Apartment (3 bedrooms) Outside of Centre 2,759.52 $ 2,250.00-3,600.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 312.04 $ 248.42-430.00
Price per Square Feet to Buy Apartment Outside of Centre 251.71 $ 206.99-350.00
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 5,278.58 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.60 6.00-7.50

These data are based on 283 entries from 55 contributors over the past 18 months.
Last update: 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.