The Most Affordable Neighborhoods in Back of the Yards, Chicago, IL by Home Value

 

Back of the Yards, Chicago, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Back of the Yards area can be challenging. Home prices in Back of the Yards are now at a median cost of $141,429, lower than the Chicago average of $290,679.

The average cost of rent is $877/mo in Back of the Yards, primarily driven by the current value of real estate in the Back of the Yards area. While nearly 53.85% of residents own their homes outright in Back of the Yards, 73.02% rent.

Housing affordability isn’t just about home prices, though. The average household income in Back of the Yards is $3,084 per month. Households that rent pay about 28.45% of their income on rent here. Back of the Yards's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the neighborhood.


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