The Most Affordable Neighborhoods in Calumet Heights, Chicago, IL by Home Value

 

Calumet Heights, Chicago, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Calumet Heights area can be challenging. Home prices in Calumet Heights are now at a median cost of $211,240, lower than the Chicago average of $351,773.

The average cost of rent is $1,135/mo in Calumet Heights, primarily driven by the current value of real estate in the Calumet Heights area. In Calumet Heights, 29.96% of households rent, and 47.40% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Calumet Heights is $5,833 per month. Households that rent pay about 19.45% of their income on rent here. Calumet Heights’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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