Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Kenwood area can be challenging. Home prices in Kenwood are now at a median cost of $395,026, higher than the Chicago average of $351,773.
The average cost of rent is $1,299/mo in Kenwood, primarily driven by the current value of real estate in the Kenwood area. In Kenwood, 62.51% of households rent, and 46.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Kenwood is $5,887 per month. Households that rent pay about 22.06% of their income on rent here. Kenwood’s most expensive areas are in the southern 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
- Hyde Park, Chicago, IL: equally priced homes
- Grand Boulevard, Chicago, IL: less expensive homes
- Oakland, Chicago, IL: equally priced homes
- Washington Park, Chicago, IL: less expensive homes
- Woodlawn, Chicago, IL: less expensive homes
- Bronzeville, Chicago, IL: equally priced homes
- Douglas, Chicago, IL: less expensive homes
- Canaryville, Chicago, IL: equally priced homes
- South Shore, Chicago, IL: less expensive homes
- Essex, Chicago, IL: less expensive homes
Neighborhoods with Similar Populations
- Tioga-Nicetown, Philadelphia, PA: less expensive homes
- East Arlington, Jacksonville, FL: less expensive homes
- East Garfield Park, Chicago, IL: less expensive homes
- East Sacramento, Sacramento, CA: higher priced homes
- Fair Haven, New Haven, CT: less expensive homes
- Five Points, Toledo, OH: less expensive homes
- Goodyear Heights, Akron, OH: less expensive homes
- Greater Rosemont, Baltimore, MD: less expensive homes
- Greektown, Chicago, IL: higher priced homes
- Greenwood, Brooklyn, NY: higher priced homes
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