Property Prices in Chicago, IL, United States

Index Info
Price to Income Ratio: 2.83
Mortgage as Percentage of Income: 25.62%
Loan Affordability Index: 3.90
Price to Rent Ratio - City Centre: 6.13
Price to Rent Ratio - Outside of Centre: 8.08
Gross Rental Yield (City Centre): 16.33%
Gross Rental Yield (Outside of Centre): 12.37%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,359.38 $ 1,800.00-3,000.00
Apartment (1 bedroom) Outside of Centre 1,536.27 $ 1,200.00-2,000.00
Apartment (3 bedrooms) in City Centre 4,475.00 $ 3,500.00-5,500.00
Apartment (3 bedrooms) Outside of Centre 2,968.42 $ 2,200.00-4,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 300.01 $ 240.06-350.00
Price per Square Feet to Buy Apartment Outside of Centre 260.01 $ 200.02-375.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,319.23 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.64 6.19-7.60

These data are based on 230 entries in the past 18 months from 52 different contributors.
Last update: February 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.