Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Essex area can be challenging. Home prices in Essex are now at a median cost of $185,602, lower than the Chicago average of $290,679.
The average cost of rent is $1,060/mo in Essex, primarily driven by the current value of real estate in the Essex area. While nearly 46.95% of residents own their homes outright in Essex, 57.95% rent.
Housing affordability isn’t just about home prices, though. The average household income in Essex is $3,854 per month. Households that rent pay about 27.51% of their income on rent here. Essex's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the neighborhood.
Nearby Neighborhoods
- South Shore, Chicago, IL: higher priced homes
- Italian Bowery, Chicago, IL: less expensive homes
- Avalon Highlands, Chicago, IL: equally priced homes
- Avalon Park, Chicago, IL: equally priced homes
- Woodlawn, Chicago, IL: higher priced homes
- Grand Crossing, Chicago, IL: less expensive homes
- Windsor Park, Chicago, IL: less expensive homes
- Cheltenham, Chicago, IL: less expensive homes
- Chatham, Chicago, IL: equally priced homes
- South Chicago, Chicago, IL: equally priced homes
Neighborhoods with Similar Populations
- Downtown Belle Glade, Belle Glade, FL: less expensive homes
- Woodlawn Court, Hattiesburg, MS: less expensive homes
- Livingston-McNaughten, Columbus, OH: less expensive homes
- Menomonee River Hills East, Milwaukee, WI: less expensive homes
- Mission Bend South, Mission Bend, TX: less expensive homes
- North End, Phillipsburg, NJ: less expensive homes
- Orchard, Oxnard, CA: higher priced homes
- Palm Springs, Apache Junction, AZ: higher priced homes
- Downtown Pomona, Pomona, CA: higher priced homes
- Downtown Madison Heights, Madison Heights, MI: less expensive homes
All Local Stats
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