The Chicago income-needed indicator moved 3.25% 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 15.1. Across tracked ZIPs the typical home value runs from $125,693 in 60621 to $684,050 in 60614 — a factor of 5.4. 18 of 56 tracked ZIPs (32%) show the current cooling flag.
Key stats
- The median tracked ZIP has a home-value-to-annual-rent ratio of 15.1.
- Across tracked ZIPs the typical home value runs from $125,693 in 60621 to $684,050 in 60614 — a factor of 5.4.
- 18 of 56 tracked ZIPs (32%) show the current cooling flag.
- The median tracked ZIP records about 82 pending homes per 100 new listings.
- Tracked ZIP markets
- 56
- Median ZIP home value
- $340,167
- Median ZIP rent
- $1,883
- metro price to rent
- The median tracked ZIP has a home-value-to-annual-rent ratio of 15.1.
- 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.
- cooling share
- 18 of 56 tracked ZIPs (32%) show the current cooling flag.
Chicago price-to-rent context
The median tracked ZIP has a home-value-to-annual-rent ratio of 15.1.
The income-needed indicator changed 3.25% year over year.
Sources and method
- HomeMarketCap.com data sources: ZIP and metro housing-market datasets
- HomeMarketCap.com methodology: calculation and missing-data rules
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