The Most Affordable Neighborhoods in Claremont Cottages, Chicago, IL by Home Value

 

Claremont Cottages, Chicago, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Claremont Cottages area can be challenging. Home prices in Claremont Cottages are now at a median cost of $281,866, lower than the Chicago average of $290,679.

The average cost of rent is $1,556/mo in Claremont Cottages, primarily driven by the current value of real estate in the Claremont Cottages area. While nearly 27.55% of residents own their homes outright in Claremont Cottages, 57.09% rent.

Housing affordability isn’t just about home prices, though. The average household income in Claremont Cottages is $6,061 per month. Households that rent pay about 25.68% of their income on rent here. Claremont Cottages's most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the neighborhood.


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