Affordable
Expensive
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These days, finding an affordable place to live in the Hyde Park area can be challenging. Home prices in Hyde Park are now at a median cost of $361,722, higher than the Chicago average of $351,773.
The average cost of rent is $1,601/mo in Hyde Park, primarily driven by the current value of real estate in the Hyde Park area. In Hyde Park, 65.49% of households rent, and 42.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hyde Park is $6,708 per month. Households that rent pay about 23.86% of their income on rent here. Hyde Park’s most expensive areas are in the southern 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
- Kenwood, Chicago, IL: higher priced homes
- Woodlawn, Chicago, IL: less expensive homes
- Washington Park, Chicago, IL: less expensive homes
- Grand Boulevard, Chicago, IL: less expensive homes
- Oakland, Chicago, IL: higher priced homes
- South Shore, Chicago, IL: less expensive homes
- Essex, Chicago, IL: less expensive homes
- Grand Crossing, Chicago, IL: less expensive homes
- Canaryville, Chicago, IL: equally priced homes
- Bronzeville, Chicago, IL: higher priced homes
Neighborhoods with Similar Populations
- Anthem, Henderson, NV: higher priced homes
- Bellevue, Nashville, TN: higher priced homes
- Bull Mountain, Tigard, OR: higher priced homes
- Clintonville, Columbus, OH: equally priced homes
- Edison, Fresno, CA: less expensive homes
- Las Tierras, El Paso, TX: less expensive homes
- Wynnefield, Philadelphia, PA: less expensive homes
- Little Haiti, Miami, FL: higher priced homes
- Little Lake City, Santa Fe Springs, CA: higher priced homes
- North Central, Virginia Beach, VA: higher priced homes
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