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

 

West Ravenswood, Chicago, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the West Ravenswood area can be challenging. Home prices in West Ravenswood are now at a median cost of $595,140, higher than the Chicago average of $290,679.

The average cost of rent is $1,426/mo in West Ravenswood, primarily driven by the current value of real estate in the West Ravenswood area. While nearly 27.16% of residents own their homes outright in West Ravenswood, 64.30% rent.

Housing affordability isn’t just about home prices, though. The average household income in West Ravenswood is $7,581 per month. Households that rent pay about 18.82% of their income on rent here. West Ravenswood's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the neighborhood.


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