The Most Affordable Neighborhoods in Schorsch, Chicago, IL by Home Value

 

Schorsch, Chicago, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Schorsch area can be challenging. Home prices in Schorsch are now at a median cost of $355,337, higher than the Chicago average of $351,773.

The average cost of rent is $1,310/mo in Schorsch, primarily driven by the current value of real estate in the Schorsch area. In Schorsch, 31.06% of households rent, and 35.07% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Schorsch is $7,521 per month. Households that rent pay about 17.42% of their income on rent here. Schorsch’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern 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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