Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Gage Park area can be challenging. Home prices in Gage Park are now at a median cost of $230,317, lower than the Chicago average of $351,773.
The average cost of rent is $1,061/mo in Gage Park, primarily driven by the current value of real estate in the Gage Park area. In Gage Park, 40.63% of households rent, and 46.23% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gage Park is $5,903 per month. Households that rent pay about 17.98% of their income on rent here. Gage Park’s most expensive areas are in the southwestern 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
- Garfield Manor, Chicago, IL: equally priced homes
- Brighton Park, Chicago, IL: equally priced homes
- Chicago Lawn, Chicago, IL: equally priced homes
- Back of the Yards, Chicago, IL: equally priced homes
- West Elsdon, Chicago, IL: higher priced homes
- New City, Chicago, IL: less expensive homes
- Archer Heights, Chicago, IL: higher priced homes
- West Englewood, Chicago, IL: less expensive homes
- Corwith, Chicago, IL: higher priced homes
- West Lawn, Chicago, IL: higher priced homes
Neighborhoods with Similar Populations
- Highline, Seattle, WA: higher priced homes
- West Valley, Boise, ID: higher priced homes
- Sommerset West-Elmonica North, Bethany, OR: higher priced homes
- Park Heights, Baltimore, MD: less expensive homes
- Paradise Hills, San Diego, CA: higher priced homes
- North Central Dallas, Carrollton, TX: higher priced homes
- Kyle Canyon, Las Vegas, NV: higher priced homes
- Howard Beach, Queens, NY: higher priced homes
- Highland Hills, San Antonio, TX: less expensive homes
- Hazelwood-Mill Park, Portland, OR: higher priced homes
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