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These days, finding an affordable place to live in the North Chicago area can be challenging. Home prices in North Chicago are now at a median cost of $162,112, lower than the Illinois average of $300,242.
The average cost of rent is $1,090/mo in North Chicago, primarily driven by the current value of real estate in the North Chicago area. In North Chicago, 55.39% of households rent, and 48.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in North Chicago is $5,153 per month. Households that rent pay about 21.15% of their income on rent here. North Chicago’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Great Lakes, IL: higher priced homes
- Park City, IL: higher priced homes
- Waukegan, IL: higher priced homes
- Lake Bluff, IL: higher priced homes
- Green Oaks, IL: higher priced homes
- Gurnee, IL: higher priced homes
- Mettawa, IL: higher priced homes
- Libertyville, IL: higher priced homes
- Lake Forest, IL: higher priced homes
- Beach Park, IL: higher priced homes
Cities with Similar Populations
- Cambridge, MD: higher priced homes
- Wallkill, NY: higher priced homes
- Wapakoneta, OH: higher priced homes
- Warren, PA: less expensive homes
- Warrenville, IL: higher priced homes
- Warrington, FL: higher priced homes
- Washington, IN: equally priced homes
- Waterford, CT: higher priced homes
- Welby, CO: higher priced homes
- Cherry Hill, VA: higher priced homes
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