Affordable
Expensive
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These days, finding an affordable place to live in the Edgewater area can be challenging. Home prices in Edgewater are now at a median cost of $334,849, lower than the Chicago average of $351,773.
The average cost of rent is $1,501/mo in Edgewater, primarily driven by the current value of real estate in the Edgewater area. In Edgewater, 64.04% of households rent, and 38.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Edgewater is $6,369 per month. Households that rent pay about 23.57% of their income on rent here. Edgewater’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Andersonville, Chicago, IL: higher priced homes
- Asia on Argyle, Chicago, IL: equally priced homes
- Granville Gardens, Chicago, IL: less expensive homes
- Rogers Park, Chicago, IL: equally priced homes
- Lincoln Square, Chicago, IL: higher priced homes
- Uptown, Chicago, IL: equally priced homes
- West Ravenswood, Chicago, IL: higher priced homes
- Bowmanville, Chicago, IL: higher priced homes
- West Ridge, Chicago, IL: equally priced homes
- Ravenswood Gardens, Chicago, IL: higher priced homes
Neighborhoods with Similar Populations
- North Cheyenne, Las Vegas, NV: higher priced homes
- South of Market, San Francisco, CA: higher priced homes
- Silver Lake, Los Angeles, CA: higher priced homes
- Shelby Forest-Frayser, Memphis, TN: less expensive homes
- Rancho Bernadino, San Diego, CA: higher priced homes
- Playa Vista, Los Angeles, CA: higher priced homes
- Ozone Park, Queens, NY: higher priced homes
- Oxford Circle, Philadelphia, PA: less expensive homes
- Outer Sunset, San Francisco, CA: higher priced homes
- Oak Lane, Philadelphia, PA: less expensive homes
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