HomeMarketCap.comThe median tracked Chicago ZIP has a typical home value of $340,167. That is a typical-value index, not a sale-price median — the two differ, which is why published figures for Chicago rarely match. 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.
Key stats
- 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.
- The metro income-needed indicator changed 3.25% year over year.
- Tracked ZIP markets
- 56
- Median ZIP home value
- $340,167
- Median ZIP rent
- $1,883
- 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.
- cooling share
- 18 of 56 tracked ZIPs (32%) show the current cooling flag.
What a house costs in Chicago
The median tracked Chicago ZIP has a typical home value of $340,167. That is a typical-value index, not a sale-price median — the two differ, which is why published figures for Chicago rarely match.
What the figure hides
Across tracked ZIPs the typical home value runs from $125,693 in 60621 to $684,050 in 60614 — a factor of 5.4.
A budget does not shop the metro; it shops the ZIPs it reaches. The range above is the one that matters when the citywide figure and the listings you can see do not agree.
Sources and method
- HomeMarketCap.com data sources: ZIP and metro housing-market datasets
- HomeMarketCap.com methodology: calculation and missing-data rules