ChicagoHousing & Real Estate
Chicago homes sell at a median $334,100 (estimated market value runs 15% higher at $382,696), with median rent $1,440 (about the same as Cook County median $1,435; 1.1× higher than Illinois median $1,274). Homeownership rate: 46.0%. That's about the same as the Cook County median ($324,500); 1.3× higher than the Illinois median ($263,300). Market is warm. Vacancy rate 9.6%. New construction makes up 6.3% of stock. 108 nursing facilities on file. A municipal building code is in effect.
- 4.3× annual income — home value vs. household income (vs Illinois 4.0×).
- 19.3 years to break even renting at the median (vs Illinois 18y).
- 4-BR rent is 1.8× a studio — rent gradient by unit size.
- Median rent 19% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $334,100 — 1.1× the Illinois median ($314,700). Median rent $1,440/month. homeownership rate 46.0% — below the U.S. share of ~65%.
| Fair Market Rent · Studio rent | $1,480 (at Illinois median) |
|---|---|
| Fair Market Rent · One-bedroom rent | $1,581 (at Illinois median) |
| Fair Market Rent · Two-bedroom rent | $1,781 (at Illinois median) |
| Fair Market Rent · Three-bedroom rent | $2,294 (at Illinois median) |
| Fair Market Rent · Four-bedroom rent | $2,653 (at Illinois median) |
| Fair Market Rent · HUD FMR area | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| Fair Market Rent · Fiscal year | FY2026 |
| Median Home Value | $334,100 (vs Illinois $314,700) |
| Median Rent | $1,440 (at Illinois median) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Facilities (3)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Illinois median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Illinois median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Illinois median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 51.9% (vs Illinois 76.8%) |
| Broadband · Broadband-capable premises | 1,349,521 |
| Electricity · Electricity rate (¢/kWh) | 15.87¢/kWh |
| Electricity · Customers | 5392477 |
| Electricity · Revenue Millions | $7,118 |
| Mobile Broadband · 3G mobile coverage | 0% |
| Mobile Broadband · 4G mobile coverage | 99% (vs Illinois 100.0%) |
| Mobile Broadband · 5G mobile coverage | 100% (at Illinois median) |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · Refreshed unknown
Other
| Homeownership Rate | 46.0% (vs Illinois 66.4%) |
|---|---|
| Median Year Built | 1953 |
Sources: U.S. Census Bureau, ACS 5-Year DP04 · Census ACS 5-Year 2023 · Refreshed 2026-04-12