The Chicago income-needed indicator moved 5.54% year over year, which shifts the rent-vs-buy line — rates, taxes, insurance, and HOA costs then decide it for your budget. The median tracked ZIP has a home-value-to-annual-rent ratio of 15.0. Across tracked ZIPs the typical home value runs from $130,123 in 60621 to $676,448 in 60614 — a factor of 5.2. 16 of 56 tracked ZIPs (29%) show the current cooling flag.
Key stats
- The median tracked ZIP has a home-value-to-annual-rent ratio of 15.0.
- Across tracked ZIPs the typical home value runs from $130,123 in 60621 to $676,448 in 60614 — a factor of 5.2.
- 16 of 56 tracked ZIPs (29%) show the current cooling flag.
- The median tracked ZIP records about 83 pending homes per 100 new listings.
- Tracked ZIP markets
- 56
- Median ZIP home value
- $335,515
- Median ZIP rent
- $1,862
- metro price to rent
- The median tracked ZIP has a home-value-to-annual-rent ratio of 15.0.
- housing cost spread
- Across tracked ZIPs the typical home value runs from $130,123 in 60621 to $676,448 in 60614 — a factor of 5.2.
- cooling share
- 16 of 56 tracked ZIPs (29%) show the current cooling flag.
Chicago price-to-rent context
The median tracked ZIP has a home-value-to-annual-rent ratio of 15.0.
The income-needed indicator changed 5.54% year over year.
Sources and method
- HomeMarketCap.com data sources: ZIP and metro housing-market datasets
- HomeMarketCap.com methodology: calculation and missing-data rules
Figures are updated monthly by the HomeMarketCap.com team under our editorial policy. Spotted something wrong? Report a correction.