The Most Affordable Neighborhoods in Italian Bowery, Chicago, IL by Home Value

 

Italian Bowery, Chicago, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Italian Bowery area can be challenging. Home prices in Italian Bowery are now at a median cost of $123,444, lower than the Chicago average of $290,679.

The average cost of rent is $900/mo in Italian Bowery, primarily driven by the current value of real estate in the Italian Bowery area. While nearly 44.83% of residents own their homes outright in Italian Bowery, 83.55% rent.

Housing affordability isn’t just about home prices, though. The average household income in Italian Bowery is $2,565 per month. Households that rent pay about 35.11% of their income on rent here. Italian Bowery's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the neighborhood.


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