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

 

Chicago Heights, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Chicago Heights area can be challenging. Home prices in Chicago Heights are now at a median cost of $110,368, lower than the Illinois average of $242,002.

The average cost of rent is $1,212/mo in Chicago Heights, primarily driven by the current value of real estate in the Chicago Heights area. While nearly 50.82% of residents own their homes outright in Chicago Heights, 30.81% rent.

Housing affordability isn’t just about home prices, though. The average household income in Chicago Heights is $4,755 per month. Households that rent pay about 25.49% of their income on rent here. Chicago Heights's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.


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