Affordable
Expensive
Expensive
Colorblind friendly
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These days, finding an affordable place to live in the Martin Luther area can be challenging. Home prices in Martin Luther are now at a median cost of $405,119, higher than the Chicago average of $351,773.
The average cost of rent is $1,453/mo in Martin Luther, primarily driven by the current value of real estate in the Martin Luther area. In Martin Luther, 35.60% of households rent, and 40.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Martin Luther is $8,704 per month. Households that rent pay about 16.69% of their income on rent here. Martin Luther’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Pottage Park, Chicago, IL: less expensive homes
- Schorsch, Chicago, IL: less expensive homes
- Montrose, Chicago, IL: equally priced homes
- Grayland, Chicago, IL: equally priced homes
- Colonial Gardens, Chicago, IL: equally priced homes
- Belmont Cragin, Chicago, IL: less expensive homes
- Jefferson Park, Chicago, IL: equally priced homes
- Kelvyn Grove, Chicago, IL: equally priced homes
- Dunning, Chicago, IL: less expensive homes
- Hanson Park, Chicago, IL: less expensive homes
Neighborhoods with Similar Populations
- River Mountain, Henderson, NV: higher priced homes
- East Little York-Homestead, Houston, TX: less expensive homes
- East Cambridge, Cambridge, MA: higher priced homes
- East San Diego, San Diego, CA: higher priced homes
- South Lake Union, Seattle, WA: higher priced homes
- South End Hartford, Hartford, CT: less expensive homes
- Poplar Grove, Salt Lake City, UT: less expensive homes
- Bryant Terrace, Malden, MA: higher priced homes
- Admiral, Seattle, WA: higher priced homes
- Downtown Chula Vista, Chula Vista, CA: higher priced homes
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