Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Cheltenham area can be challenging. Home prices in Cheltenham are now at a median cost of $145,419, lower than the Chicago average of $290,679.
The average cost of rent is $1,010/mo in Cheltenham, primarily driven by the current value of real estate in the Cheltenham area. While nearly 47.31% of residents own their homes outright in Cheltenham, 53.06% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cheltenham is $3,778 per month. Households that rent pay about 26.74% of their income on rent here. Cheltenham's most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the neighborhood.
Nearby Neighborhoods
- South Chicago, Chicago, IL: higher priced homes
- The Bush, Chicago, IL: equally priced homes
- Windsor Park, Chicago, IL: equally priced homes
- Pill Hill, Chicago, IL: higher priced homes
- Calumet Heights, Chicago, IL: higher priced homes
- Avalon Park, Chicago, IL: higher priced homes
- South Shore, Chicago, IL: higher priced homes
- Essex, Chicago, IL: higher priced homes
- Italian Bowery, Chicago, IL: less expensive homes
- South Deering, Chicago, IL: less expensive homes
Neighborhoods with Similar Populations
- Cathedral Park, Portland, OR: higher priced homes
- Airport-Pines Road, Shreveport, LA: higher priced homes
- Cleveland Park, Washington, DC: higher priced homes
- Glendale-Heatherdowns, Toledo, OH: less expensive homes
- Sunnyside, Clackamas, OR: higher priced homes
- Alderwood Manor, Lynnwood, WA: higher priced homes
- McMurray-Huntingdon, Nashville, TN: higher priced homes
- Northwest Akron, Akron, OH: higher priced homes
- Prospect Park, Minneapolis, MN: higher priced homes
- North Deering, Portland, ME: higher priced homes
All Local Stats
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