Chicago
Illinois · Ranked #39 of 102 metros
52Moderate
Median Home Price
🏠$330K
Need $95K income
Median Rent
🔑$1K
Need $58K income
Housing Shortage
📉75,000
units needed
Building Permits
🔨14,000
annual
Median Income
💰$75K
Pop: 9,509,934
Rent Burden
⚠️32.5%
of renters paying >30%
Price Change (YoY)
📈+3.5%
Homeownership
🏡62.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Chicago | National |
|---|---|---|
| Price-to-Income Ratio | 4.4x | 6.1x |
| Rent Burden | 32.5% | 31.5% |
| Homeownership Rate | 62.0% | 65.5% |
| YoY Price Change | +3.5% | +3.5% |
| YoY Rent Change | +2.8% | +2.8% |
| Mortgage Denial Rate | 14.2% | 13.5% |
| Eviction Rate | 4.8% | 3.6% |