The Most Affordable Neighborhoods in Near North Side, Chicago, IL by Home Value

 

Near North Side, Chicago, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Near North Side area can be challenging. Home prices in Near North Side are now at a median cost of $547,144, higher than the Chicago average of $290,679.

The average cost of rent is $2,112/mo in Near North Side, primarily driven by the current value of real estate in the Near North Side area. While nearly 34.79% of residents own their homes outright in Near North Side, 62.63% rent.

Housing affordability isn’t just about home prices, though. The average household income in Near North Side is $10,221 per month. Households that rent pay about 20.66% of their income on rent here. Near North Side's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the neighborhood.


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