Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hermosa area can be challenging. Home prices in Hermosa are now at a median cost of $262,817, lower than the Chicago average of $290,679.
The average cost of rent is $1,037/mo in Hermosa, primarily driven by the current value of real estate in the Hermosa area. While nearly 35.98% of residents own their homes outright in Hermosa, 49.45% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hermosa is $5,035 per month. Households that rent pay about 20.60% of their income on rent here. Hermosa's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the neighborhood.
Nearby Neighborhoods
- Kelvyn Grove, Chicago, IL: equally priced homes
- Beat 2535, Chicago, IL: higher priced homes
- Avondale, Chicago, IL: higher priced homes
- Humboldt Park, Chicago, IL: equally priced homes
- Logan Square, Chicago, IL: higher priced homes
- Belmont Cragin, Chicago, IL: equally priced homes
- Hanson Park, Chicago, IL: equally priced homes
- Grayland, Chicago, IL: higher priced homes
- Irving Park, Chicago, IL: higher priced homes
- Moreland, Chicago, IL: less expensive homes
Neighborhoods with Similar Populations
- Southeast, Canal Winchester, OH: less expensive homes
- Midland Beach, Staten Island, NY: higher priced homes
- Midway, Escondido, CA: equally priced homes
- Morris Park, Philadelphia, PA: less expensive homes
- Northshore, Houston, TX: less expensive homes
- Northwest Dallas, Dallas, TX: higher priced homes
- Northwest Omaha, Omaha, NE: less expensive homes
- Northwood, Irvine, CA: higher priced homes
- Ocean View, San Francisco, CA: higher priced homes
- Olympia Heights, Miami, FL: higher priced homes
All Local Stats
Home Services
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