Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Colonial Gardens area can be challenging. Home prices in Colonial Gardens are now at a median cost of $376,656, higher than the Chicago average of $351,773.
The average cost of rent is $1,489/mo in Colonial Gardens, primarily driven by the current value of real estate in the Colonial Gardens area. In Colonial Gardens, 29.50% of households rent, and 38.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Colonial Gardens is $7,941 per month. Households that rent pay about 18.76% of their income on rent here. Colonial Gardens’s most expensive areas are in the central 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
- Jefferson Park, Chicago, IL: equally priced homes
- Gladstone, Chicago, IL: higher priced homes
- Montrose, Chicago, IL: higher priced homes
- Martin Luther, Chicago, IL: equally priced homes
- Pottage Park, Chicago, IL: equally priced homes
- Forest Glen, Chicago, IL: higher priced homes
- Norwood Park, Chicago, IL: equally priced homes
- Grayland, Chicago, IL: equally priced homes
- North Mayfair, Chicago, IL: higher priced homes
- Schorsch, Chicago, IL: equally priced homes
Neighborhoods with Similar Populations
- Howe, Minneapolis, MN: equally priced homes
- Highview, Louisville, KY: less expensive homes
- Linden Hills, Minneapolis, MN: higher priced homes
- Twin Lakes, Denver, CO: higher priced homes
- Triple Creek, Beaverton, OR: equally priced homes
- Piper Glen Estates, Charlotte, NC: higher priced homes
- Beechmont, Louisville, KY: less expensive homes
- Lyon Street, Santa Ana, CA: equally priced homes
- Milwood, Kalamazoo, MI: less expensive homes
- Northgate, San Rafael, CA: higher priced homes
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