Property Prices in Chicago, IL, United States

Index Info
Price to Income Ratio: 3.35
Mortgage as Percentage of Income: 30.33%
Loan Affordability Index: 3.30
Price to Rent Ratio - City Centre: 6.72
Price to Rent Ratio - Outside of Centre: 8.63
Gross Rental Yield (City Centre): 14.87%
Gross Rental Yield (Outside of Centre): 11.59%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,360.96 $ 1,900.00-3,000.00
Apartment (1 bedroom) Outside of Centre 1,512.92 $ 1,300.00-1,950.00
Apartment (3 bedrooms) in City Centre 4,491.30 $ 3,500.00-6,000.00
Apartment (3 bedrooms) Outside of Centre 2,904.17 $ 2,000.00-4,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 330.00 $ 250.00-430.00
Price per Square Feet to Buy Apartment Outside of Centre 272.50 $ 200.02-375.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,846.62 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.67 6.10-7.60

These data are based on 253 entries in the past 18 months from 52 different contributors.
Last update: November 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.