Home Price Key
Affordable
Average
Expensive
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 $330,173, higher than the Chicago average of $290,679.
The average cost of rent is $1,237/mo in Martin Luther, primarily driven by the current value of real estate in the Martin Luther area. While nearly 37.71% of residents own their homes outright in Martin Luther, 37.21% rent.
Housing affordability isn’t just about home prices, though. The average household income in Martin Luther is $6,921 per month. Households that rent pay about 17.87% of their income on rent here. Martin Luther's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the neighborhood.
Nearby Neighborhoods
- Pottage Park, Chicago, IL: equally priced homes
- Schorsch, Chicago, IL: less expensive homes
- Montrose, Chicago, IL: higher 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: less expensive homes
- Dunning, Chicago, IL: less expensive homes
- Hanson Park, Chicago, IL: less expensive homes
Neighborhoods with Similar Populations
- River Mountain, Henderson, NV: equally 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: less expensive homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood