Property Prices in Chicago, IL, United States

Index Info
Price to Income Ratio: 2.94
Mortgage as Percentage of Income: 26.54%
Loan Affordability Index: 3.77
Price to Rent Ratio - City Centre: 6.42
Price to Rent Ratio - Outside of Centre: 7.99
Gross Rental Yield (City Centre): 15.56%
Gross Rental Yield (Outside of Centre): 12.51%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,341.72 $ 1,850.00-3,000.00
Apartment (1 bedroom) Outside of Centre 1,543.50 $ 1,300.00-1,900.00
Apartment (3 bedrooms) in City Centre 4,432.61 $ 3,500.00-5,500.00
Apartment (3 bedrooms) Outside of Centre 2,819.23 $ 2,000.00-3,600.00
Buy Apartment Price
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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
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Average Monthly Net Salary (After Tax) 5,159.94 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.61 6.00-7.50

These data are based on 285 entries in the past 18 months from 55 different contributors.
Last update: March 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.