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Expensive
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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 $198,513, lower than the Chicago average of $351,773.
The average cost of rent is $1,110/mo in Cheltenham, primarily driven by the current value of real estate in the Cheltenham area. In Cheltenham, 53.15% of households rent, and 36.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cheltenham is $4,392 per month. Households that rent pay about 25.27% of their income on rent here. Cheltenham’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- South Chicago, Chicago, IL: equally priced homes
- The Bush, Chicago, IL: less expensive homes
- Windsor Park, Chicago, IL: equally priced homes
- Pill Hill, Chicago, IL: higher priced homes
- Calumet Heights, Chicago, IL: equally priced homes
- Avalon Park, Chicago, IL: higher priced homes
- South Shore, Chicago, IL: higher priced homes
- Essex, Chicago, IL: equally 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: equally 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
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