The Most Affordable Neighborhoods in Ravenswood Manor, Chicago, IL by Home Value

 

Ravenswood Manor, Chicago, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Ravenswood Manor area can be challenging. Home prices in Ravenswood Manor are now at a median cost of $415,081, higher than the Chicago average of $351,773.

The average cost of rent is $1,528/mo in Ravenswood Manor, primarily driven by the current value of real estate in the Ravenswood Manor area. In Ravenswood Manor, 55.36% of households rent, and 21.64% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Ravenswood Manor is $8,093 per month. Households that rent pay about 18.88% of their income on rent here. Ravenswood Manor’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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