HomeMarketCap.comThe published income-needed indicator for Chicago stands at $96,162. It covers the housing share of the question, not what it takes to live comfortably, which no dataset defines. The metro income-needed indicator changed 3.25% year over year. The median tracked ZIP in Chicago has a typical home value of $340,167 and typical rent of $1,883 per month. Across tracked ZIPs the typical home value runs from $125,693 in 60621 to $684,050 in 60614 — a factor of 5.4.
Key stats
- The metro income-needed indicator changed 3.25% year over year.
- The median tracked ZIP in Chicago has a typical home value of $340,167 and typical rent of $1,883 per month.
- Across tracked ZIPs the typical home value runs from $125,693 in 60621 to $684,050 in 60614 — a factor of 5.4.
- The median tracked ZIP has a home-value-to-annual-rent ratio of 15.1.
- 18 of 56 tracked ZIPs (32%) show the current cooling flag.
- Tracked ZIP markets
- 56
- Median ZIP home value
- $340,167
- Median ZIP rent
- $1,883
- income needed change
- The metro income-needed indicator changed 3.25% year over year.
- housing cost spread
- Across tracked ZIPs the typical home value runs from $125,693 in 60621 to $684,050 in 60614 — a factor of 5.4.
- metro price to rent
- The median tracked ZIP has a home-value-to-annual-rent ratio of 15.1.
The income this metro asks for
The published income-needed indicator for Chicago stands at $96,162. It covers the housing share of the question, not what it takes to live comfortably, which no dataset defines.
The metro income-needed indicator changed 3.25% year over year.
How far that income reaches
Across tracked ZIPs the typical home value runs from $125,693 in 60621 to $684,050 in 60614 — a factor of 5.4.
The same salary is comfortable in one tracked ZIP and short in another, which is why a single metro figure answers the question only halfway.
Sources and method
- HomeMarketCap.com data sources: ZIP and metro housing-market datasets
- HomeMarketCap.com methodology: calculation and missing-data rules