Affordable
Expensive
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These days, finding an affordable place to live in the Loop area can be challenging. Home prices in Loop are now at a median cost of $467,897, higher than the Chicago average of $351,773.
The average cost of rent is $2,503/mo in Loop, primarily driven by the current value of real estate in the Loop area. In Loop, 71.59% of households rent, and 31.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Loop is $9,847 per month. Households that rent pay about 25.42% of their income on rent here. Loop’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Printers Row, Chicago, IL: less expensive homes
- Near North Side, Chicago, IL: higher priced homes
- Greektown, Chicago, IL: equally priced homes
- Gold Coast, Chicago, IL: higher priced homes
- Near South Side, Chicago, IL: equally priced homes
- Near West Side, Chicago, IL: equally priced homes
- University Village, Chicago, IL: equally priced homes
- Belgravia Terrace, Chicago, IL: higher priced homes
- Pilsen, Chicago, IL: less expensive homes
- Armour Square, Chicago, IL: less expensive homes
Neighborhoods with Similar Populations
- Back of the Yards, Chicago, IL: less expensive homes
- Bassett, West Puente Valley, CA: higher priced homes
- Beach Haven, Jacksonville, FL: equally priced homes
- Belair, Augusta, GA: less expensive homes
- Santa Clara, Eugene, OR: less expensive homes
- Camp Pendleton South, Oceanside, CA: higher priced homes
- East Bloomington, Bloomington, MN: less expensive homes
- Deep Creek North, Chesapeake, VA: less expensive homes
- Port Richmond, Staten Island, NY: higher priced homes
- South, Raleigh, NC: less expensive homes
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