Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Morgan Park area can be challenging. Home prices in Morgan Park are now at a median cost of $188,905, lower than the Chicago average of $290,679.
The average cost of rent is $1,256/mo in Morgan Park, primarily driven by the current value of real estate in the Morgan Park area. While nearly 36.25% of residents own their homes outright in Morgan Park, 32.73% rent.
Housing affordability isn’t just about home prices, though. The average household income in Morgan Park is $5,646 per month. Households that rent pay about 22.25% of their income on rent here. Morgan Park's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the neighborhood.
Nearby Neighborhoods
- Placerdale, Chicago, IL: less expensive homes
- Beverly, Chicago, IL: higher priced homes
- Brookside Glen, Chicago, IL: higher priced homes
- Mount Greenwood, Chicago, IL: higher priced homes
- West Pullman, Chicago, IL: less expensive homes
- Gano, Chicago, IL: less expensive homes
- Washington Heights, Chicago, IL: less expensive homes
- Roseland, Chicago, IL: less expensive homes
- Brainerd, Chicago, IL: less expensive homes
- Pullman, Chicago, IL: less expensive homes
Neighborhoods with Similar Populations
- Woodlawn, Alexandria, VA: higher priced homes
- Back of the Yards, Chicago, IL: less expensive homes
- Bassett, West Puente Valley, CA: higher priced homes
- Bay Terraces, San Diego, CA: higher priced homes
- Beach Haven, Jacksonville, FL: higher priced homes
- Belair, Augusta, GA: less expensive homes
- Chevy Chase, Washington, DC: higher priced homes
- South, Raleigh, NC: less expensive homes
- 19th Ward, Rochester, NY: less expensive homes
- Sommerset West-Elmonica South, Hillsboro, OR: higher priced homes
All Local Stats
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