Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Hanson Park area can be challenging. Home prices in Hanson Park are now at a median cost of $308,570, lower than the Chicago average of $351,773.
The average cost of rent is $1,300/mo in Hanson Park, primarily driven by the current value of real estate in the Hanson Park area. In Hanson Park, 43.78% of households rent, and 41.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hanson Park is $6,030 per month. Households that rent pay about 21.57% of their income on rent here. Hanson Park’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Belmont Cragin, Chicago, IL: equally priced homes
- Kelvyn Grove, Chicago, IL: higher priced homes
- Montclare, Elmwood Park, IL: higher priced homes
- Schorsch, Chicago, IL: higher priced homes
- Hermosa, Chicago, IL: equally priced homes
- Austin, Chicago, IL: less expensive homes
- Martin Luther, Chicago, IL: higher priced homes
- Grayland, Chicago, IL: higher priced homes
- Pottage Park, Chicago, IL: higher priced homes
- Ellsworth, Elmwood Park, IL: equally priced homes
Neighborhoods with Similar Populations
- Barton-McFarland, Detroit, MI: less expensive homes
- Southsuide Estates, Jacksonville, FL: less expensive homes
- Sunset Heights, Orem, UT: higher priced homes
- Vistancia, Peoria, AZ: higher priced homes
- Ellerbee Woods, Shreveport, LA: higher priced homes
- West Side, Scranton, PA: less expensive homes
- Downtown Redmond, Redmond, WA: higher priced homes
- Downtown Pensacola, Pensacola, FL: higher priced homes
- Downtown Los Angeles, Los Angeles, CA: higher priced homes
- Downtown High Point, High Point, NC: less expensive homes
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