Property Prices in Chicago, IL, United States

Index Info
Price to Income Ratio: 8.87
Mortgage as Percentage of Income: 87.88%
Loan Affordability Index: 1.14
Price to Rent Ratio - City Centre: 13.35
Price to Rent Ratio - Outside of Centre: 19.30
Gross Rental Yield (City Centre): 7.49%
Gross Rental Yield (Outside of Centre): 5.18%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,580.71 $ 2,000.00-8,000.00
Apartment (1 bedroom) Outside of Centre 1,786.10 $ 1,300.00-6,150.00
Apartment (3 bedrooms) in City Centre 5,040.62 $ 3,800.00-11,000.00
Apartment (3 bedrooms) Outside of Centre 3,410.94 $ 2,500.00-9,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 725.26 $ 300.00-1,349.99
Price per Square Feet to Buy Apartment Outside of Centre 717.91 $ 290.00-1,199.99
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 4,378.95 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.83 6.19-14.30

These data are based on 371 entries in the past 18 months from 75 different contributors.
Last update: July 2024

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.