Illinois
Ranked #27 of 51 for housing affordability
52Moderate
Median Home Price
🏠$265K
3.7x income
Median Rent
🔑$1K
32.5% rent-burdened
Median Income
💰$72K
Population: 12,582,032
Homeownership
🏡65.4%
9,551 experiencing homelessness
Housing Shortage
📉120,000
units needed
Building Permits (2024)
🔨25,000
Price-to-Income
📊3.7x
Severe Rent Burden
⚠️16.2%
paying >50% of income
Rent Burden Breakdown
vs. National Average
Metros in Illinois
| Metro | Score | Home Price | Rent | Income | Rent Burden |
|---|---|---|---|---|---|
| Chicago | 52 | $330K | $1K | $75K | 32.5% |
Housing Policies
rent control preemptionAffordable Housing Planning and Appeal Acttax increment financing