Home Price Key
Affordable
Average
Expensive
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 $172,768, lower than the Chicago average of $290,679.
The average cost of rent is $792/mo in South Chicago, primarily driven by the current value of real estate in the South Chicago area. While nearly 58.08% of residents own their homes outright in South Chicago, 61.79% rent.
Housing affordability isn’t just about home prices, though. The average household income in South Chicago is $3,806 per month. Households that rent pay about 20.82% of their income on rent here. South Chicago's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the neighborhood.
Nearby Neighborhoods
- Cheltenham, Chicago, IL: less expensive homes
- The Bush, Chicago, IL: less expensive homes
- Pill Hill, Chicago, IL: equally priced homes
- Calumet Heights, Chicago, IL: equally priced homes
- Windsor Park, Chicago, IL: less expensive homes
- Avalon Park, Chicago, IL: equally priced homes
- South Deering, Chicago, IL: less expensive homes
- South Shore, Chicago, IL: higher priced homes
- Essex, Chicago, IL: equally priced homes
- Italian Bowery, Chicago, IL: less expensive 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: equally priced homes
All Local Stats
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