Property Prices in Chicago, IL, United States

Index Info
Price to Income Ratio: 3.65
Mortgage as Percentage of Income: 29.89%
Loan Affordability Index: 3.35
Price to Rent Ratio - City Centre: 11.47
Price to Rent Ratio - Outside of Centre: 7.56
Gross Rental Yield (City Centre): 8.72%
Gross Rental Yield (Outside of Centre): 13.23%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,944.69 $ 1,500.00-2,400.00
Apartment (1 bedroom) Outside of Centre 1,378.93 $ 1,050.00-1,800.00
Apartment (3 bedrooms) in City Centre 3,642.86 $ 2,500.00-5,000.00
Apartment (3 bedrooms) Outside of Centre 2,332.35 $ 1,800.00-3,400.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 460.52 $ 224.82-1,409.38
Price per Square Feet to Buy Apartment Outside of Centre 205.47 $ 122.81-255.00
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 4,905.70 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.39 3.50-5.43

These data are based on 210 entries in the past 18 months from 43 different contributors.
Last update: August 2022

Sources and References
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2 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.
Mike Horner on Nov 28, 2019:
Highest property taxes in state and 3rd in country or something like that. For what? Good schools, safe streets? HAAAA HAAAA HAAAA HAAAA so glad we moved and it's only gonna get worse. The dummocrats formula raise taxes talk about rich folks AKA working people pander to the stupid ignorant criminals keep them on governor teet blame Bush Trump anybody who isn't brown for everything and get into your BMW drive back up to your uber white wealthy north shore suburbs laughing all the way knowing your sheep buy into it.