dynamic.RE

State

City

Chicago, Illinois

Realtor Jul 2026 · ACS 2024

Market Read

A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.

Demand outpaces supply. Hotness 60/100, supply score 82, homes go under contract 20.8% faster than the US median, at 94% of US prices. See the sale evidence ↓
Tenant economics are strong. Median household income $81K, +3.2% YoY (ZIP); renters hold 53.9% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is −1.1% YoY. inventory, −16.1% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: median listing $421,361 (Realtor). The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

50 ZIPs in this city:60601 60602 60603 60604 60605 60606 60607 60608 60609 60610 60611 60612 60613 60614 60615 60616 60617 60618 60619 60620 60621 60622 60623 60624 60625 60626 60628 60629 60630 60631 60632 60633 60634 60636 60637 60638 60639 60640 60641 60642 60643 60644 60645 60646 60647 60649 60651 60652 60653 60654

Market Hotness ZIP

60 / 100Realtor.com competitiveness composite

national · lower = hotter

0–100 · supply + demand

higher = tighter supply

higher = stronger demand

−20.8%

homes sell faster here

94%

of national median · below avg

Median Listing Price

$421K

Population

2,468,809

1,046,093

Median Days on Market

Active Listings

3,062

New Listings

1,748

Housing Market

The median listing price is down 1.1% YoY while the median home got down 2.8% bigger, so value per square foot is up 2.5%.

Pricing

Median Listing Price

$421K-1.1% YoY

Average Listing Price

$618K-1.9% YoY

Price per Sq Ft

$299.598+2.5% YoY

Median Sq Ft

1,456-2.8% YoY

Inventory

Active Listings

3,062-22.3% YoY

New Listings

1,748-10.9% YoY

Total Listings

5,479-16.1% YoY

Buyer Competition

Pending Listings

2,440-6.3% YoY

Pending Ratio

0.79+20.5% YoY

Median Days on Market

38-7.9% YoY

Price Reduced

9.4%-13.9% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 2,276,493

2.3Munits

Occupied2,100,23092.3%

Vacant176,2637.7%

2024 Tenure ⓘ

U.S. Census ACS · n = 2,100,230

2.1Moccupied

Owner1,212,57057.7%

Renter887,66042.3%

Renter Share

42.3%-0.5% YoY

Total Housing Units

2,276,493+0.3% YoY

FY2026 Fair Market Rent

CountyCook County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,480

/month

1 BR

$1,581

/month

2 BR

$1,781

/month

3 BR

$2,294

/month

4 BR

$2,653

/month

FMR trends · Cook County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 53.9% of this ZIP's 1,046,093 occupied households, on a median household income of $81K.

Population & Age

Total Population

2,468,809+0.1% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 2,468,809

2.5Mresidents

Under 18482,45319.5%

Adults 18–641,642,92466.5%

65 & Over343,43213.9%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

36.52+0.6% YoY

Population Under 18

482,453-2.0% YoY

Population 65 & Over

343,432+1.5% YoY

Households & Mobility

Total Households

1,046,093+1.1% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.31-1.0% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house86.4%

Moved (within US)12.7%

Other0.9%

Veterans

2.9%-2.6% YoY

Income & Poverty

Median Household Income

$81K+3.2% YoY

Per-Capita Income

$49K+4.4% YoY

Mean Household Income

$114K+3.6% YoY

Below Poverty Level

17.3%-0.4% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone47.7%

Public transit17.2%

Worked from home18.4%

Other16.6%

Worked From Home

18.4%+15.0% YoY

Mean Commute

33.37-1.4% YoY

Units & Tenure

Total Housing Units

1,155,821+0.6% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 1,155,821

1.2Munits

Occupied1,046,09390.5%

Vacant109,7289.5%

2024 Tenure ⓘ

U.S. Census ACS · n = 1,046,093

1.0Mhouseholds

Owner482,13946.1%

Renter563,95453.9%

Avg Household Size — Owner

2.61-1.2% YoY

Avg Household Size — Renter

2.06-1.1% YoY

County Demographics

County population is down 0.1% to 5,182,090: residents under 18 are down 1.7% and those 65 and over are up 2.6%.

Median Age

38.02024

Population

Cook County Population

5,182,617+0.8% YoY

Households

Total Households

2,100,230+0.8% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.43-0.8% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 5,182,090

5.2Mresidents

Under 181,092,20221.1%

Adults 18–643,262,73263.0%

65 & Over827,15616.0%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

1,092,202-1.7% YoY

Population 65 & Over

827,156+2.6% YoY

Median Age

38.00+0.5% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house88.4%

Moved (within US)10.8%

Other0.8%

Veterans

3.2%-3.0% YoY

County Economy

County median household income is $83K, 13.5% of residents are below the poverty level, 18.9% work from home.

Income

Median Household Income

$83K+2.1% YoY

Per-Capita Income

$49K+3.2% YoY

Mean Household Income

$121K+2.6% YoY

Poverty

Below Poverty Level

13.5%+1.5% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone54.8%

Public transit11.8%

Worked from home18.9%

Other14.5%

Worked From Home

18.9%+14.5% YoY

Mean Commute

31.50-1.3% YoY

Done with ? Put it next to another market.

State

City

Chicago, Illinois

Realtor Jul 2026 · ACS 2024

Market Read

A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.

Demand outpaces supply. Hotness 60/100, supply score 82, homes go under contract 20.8% faster than the US median, at 94% of US prices. See the sale evidence ↓
Tenant economics are strong. Median household income $81K, +3.2% YoY (ZIP); renters hold 53.9% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is −1.1% YoY. inventory, −16.1% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Market Hotness ZIP

60 / 100Realtor.com competitiveness composite

national · lower = hotter

0–100 · supply + demand

higher = tighter supply

higher = stronger demand

−20.8%

homes sell faster here

94%

of national median · below avg

Median Listing Price

$421K

Population

2,468,809

1,046,093

Median Days on Market

Active Listings

3,062

New Listings

1,748

Housing Market

The median listing price is down 1.1% YoY while the median home got down 2.8% bigger, so value per square foot is up 2.5%.

Pricing

Median Listing Price

$421K-1.1% YoY

Average Listing Price

$618K-1.9% YoY

Price per Sq Ft

$299.598+2.5% YoY

Median Sq Ft

1,456-2.8% YoY

Inventory

Active Listings

3,062-22.3% YoY

New Listings

1,748-10.9% YoY

Total Listings

5,479-16.1% YoY

Buyer Competition

Pending Listings

2,440-6.3% YoY

Pending Ratio

0.79+20.5% YoY

Median Days on Market

38-7.9% YoY

Price Reduced

9.4%-13.9% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 2,276,493

2.3Munits

Occupied2,100,23092.3%

Vacant176,2637.7%

2024 Tenure ⓘ

U.S. Census ACS · n = 2,100,230

2.1Moccupied

Owner1,212,57057.7%

Renter887,66042.3%

Renter Share

42.3%-0.5% YoY

Total Housing Units

2,276,493+0.3% YoY

FY2026 Fair Market Rent

CountyCook County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,480

/month

1 BR

$1,581

/month

2 BR

$1,781

/month

3 BR

$2,294

/month

4 BR

$2,653

/month

FMR trends · Cook County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 53.9% of this ZIP's 1,046,093 occupied households, on a median household income of $81K.

Population & Age

Total Population

2,468,809+0.1% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 2,468,809

2.5Mresidents

Under 18482,45319.5%

Adults 18–641,642,92466.5%

65 & Over343,43213.9%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

36.52+0.6% YoY

Population Under 18

482,453-2.0% YoY

Population 65 & Over

343,432+1.5% YoY

Households & Mobility

Total Households

1,046,093+1.1% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.31-1.0% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house86.4%

Moved (within US)12.7%

Other0.9%

Veterans

2.9%-2.6% YoY

Income & Poverty

Median Household Income

$81K+3.2% YoY

Per-Capita Income

$49K+4.4% YoY

Mean Household Income

$114K+3.6% YoY

Below Poverty Level

17.3%-0.4% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone47.7%

Public transit17.2%

Worked from home18.4%

Other16.6%

Worked From Home

18.4%+15.0% YoY

Mean Commute

33.37-1.4% YoY

Units & Tenure

Total Housing Units

1,155,821+0.6% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 1,155,821

1.2Munits

Occupied1,046,09390.5%

Vacant109,7289.5%

2024 Tenure ⓘ

U.S. Census ACS · n = 1,046,093

1.0Mhouseholds

Owner482,13946.1%

Renter563,95453.9%

Avg Household Size — Owner

2.61-1.2% YoY

Avg Household Size — Renter

2.06-1.1% YoY

County Demographics

County population is down 0.1% to 5,182,090: residents under 18 are down 1.7% and those 65 and over are up 2.6%.

Median Age

38.02024

Population

Cook County Population

5,182,617+0.8% YoY

Households

Total Households

2,100,230+0.8% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.43-0.8% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 5,182,090

5.2Mresidents

Under 181,092,20221.1%

Adults 18–643,262,73263.0%

65 & Over827,15616.0%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

1,092,202-1.7% YoY

Population 65 & Over

827,156+2.6% YoY

Median Age

38.00+0.5% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house88.4%

Moved (within US)10.8%

Other0.8%

Veterans

3.2%-3.0% YoY

County Economy

County median household income is $83K, 13.5% of residents are below the poverty level, 18.9% work from home.

Income

Median Household Income

$83K+2.1% YoY

Per-Capita Income

$49K+3.2% YoY

Mean Household Income

$121K+2.6% YoY

Poverty

Below Poverty Level

13.5%+1.5% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone54.8%

Public transit11.8%

Worked from home18.9%

Other14.5%

Worked From Home

18.9%+14.5% YoY

Mean Commute

31.50-1.3% YoY

Done with ? Put it next to another market.