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These days, finding an affordable place to live in the South Chicago area can be challenging. Home prices in South Chicago are now at a median cost of $184,340, lower than the Chicago average of $351,773.
The average cost of rent is $857/mo in South Chicago, primarily driven by the current value of real estate in the South Chicago area. In South Chicago, 61.00% of households rent, and 58.23% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in South Chicago is $3,297 per month. Households that rent pay about 25.99% of their income on rent here. South Chicago’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Cheltenham, Chicago, IL: equally priced homes
- The Bush, Chicago, IL: less expensive homes
- Pill Hill, Chicago, IL: higher priced homes
- Calumet Heights, Chicago, IL: higher priced homes
- Windsor Park, Chicago, IL: higher priced homes
- Avalon Park, Chicago, IL: higher priced homes
- South Deering, Chicago, IL: less expensive homes
- South Shore, Chicago, IL: higher priced homes
- Essex, Chicago, IL: higher priced homes
- Italian Bowery, Chicago, IL: equally priced homes
Neighborhoods with Similar Populations
- North Broadway, Escondido, CA: higher priced homes
- East San Gabriel, San Gabriel, CA: higher priced homes
- Ellerbee Woods, Shreveport, LA: higher priced homes
- Fairway Park, Hayward, CA: higher priced homes
- Franklin To The Fort, Missoula, MT: higher priced homes
- Franklinton, Columbus, OH: less expensive homes
- Guajome, Oceanside, CA: higher priced homes
- Hanson Park, Chicago, IL: higher priced homes
- Highland Park, Des Moines, IA: less expensive homes
- Hilltop, Wilmington, DE: higher priced homes
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