781 census tracts
Chicago.Illinois housing market
This Chicago housing market report covers about 1,245,100 homes across 781 census tracts. Picking the tract matters more in Chicago than in most markets: the middle half of its tracts spans 67 to 77 on the Location Score, the 2nd widest spread of the 139 markets PriceDNA tracks. For August 2026, the average listing price is $608,920 across 3,428 active listings (Realtor.com Economic Research, Monthly Housing Inventory).
- Average listing price
- $608,920 3,428 active listings · Realtor.com Economic Research, Monthly Housing Inventory · August 2026
- Approximate homes
- 1,245,100 across 781 assigned tracts
- Renter-occupied
- 54% of occupied homes
Chicago housing market context
- Population fell 0.1% a year from 2020 to 2025, slower than in 103 of the 137 markets with Census population estimates.
These are city-level figures. To see how one property measures up against your goal, run a specific address.
Location score distribution
How location scores vary across 781 census tracts in Chicago.
Half of Chicago's tracts score between 67 and 77. The full range spans 56 to 87, with a median of 72.2.
What the location score shows
PriceDNA Location Score™ is a 0 to 100 signal designed to summarize local strength and risk context for rental-property analysis. Higher scores generally point to stronger location fundamentals.
The middle half of Chicago's tracts is 9.6 points wide on the score, the 2nd widest of the 139 markets PriceDNA tracks.
To see the location score for your specific property, analyze a property
Housing composition
Key housing statistics for approximately 1,245,100 homes in Chicago, including occupancy, tenure, and structure type.
Of about 1,245,100 homes, 9.1% are vacant. Among occupied homes, 54% are renter-occupied, providing context on the size of the local rental base.
By structure type, about 30% of Chicago’s housing units are in single-family structures, 28% in small multifamily buildings (2 to 4 units), and 42% in larger multifamily buildings (5+ units). Percentages are rounded; small residual structure categories are not shown.
How Chicago compares
Chicago's median is above the Illinois median on 4 of these 8 measures and above the U.S. median on 6. The city range shows the lower quarter, median and upper quarter of its census tracts.
| Metric | Chicago lower · median · upper Chicago | Illinois IL | United States US |
|---|---|---|---|
|
Census ACS B19013 · 2020 to 2024
|
$51,933 $70,510 $97,075 | $77,540 | $77,171 |
|
Census ACS B15003 · 2020 to 2024
|
26% 41% 67% | 41% | 41% |
|
Census ACS B01001 · 2020 to 2024
|
32% 36% 47% | 31% | 32% |
|
FHFA HPI · 2025
|
4.9% every tract | 4.9% | 5.2% |
|
HUD SAFMR · 2018 to 2027 + Census ACS B25064 · 2014 to 2024
|
4.1% 4.7% 5.3% | 3.9% | 3.8% |
|
Census ACS B25103 · 2020 to 2024 + Lincoln Institute
|
1.91% every tract | 2.05% | 1.65% |
|
Census ACS B25141 · 2020 to 2024 + U.S. Treasury FIO
|
0.48% 0.64% 0.92% | 0.69% | 0.56% |
|
Census ACS B25064 + B19013 · 2020 to 2024
|
26.4% 31.9% 36.5% | 29.5% | 30.8% |
About this data
PriceDNA uses the most local reliable data available for each metric. Some signals are available at the census-tract level. Others are published or more reliable at broader geographies such as county, metro, state, or national level.
Housing-unit totals are approximate. PriceDNA sums Census ACS counts for the tracts assigned to the city by centroid, so the market total can differ from a municipal boundary count when a tract crosses the city line.
The property-tax assumption combines local residential tax data with a state-level apartment benchmark to provide more conservative context for rental-property underwriting. Insurance assumptions use available residential property insurance data and should be verified for the specific property and coverage.
These pages are designed for market screening and investor education. They do not replace property-level underwriting, inspections, appraisals, insurance quotes, lender review, or professional advice.
Nearby markets
Market pages for other cities within 300 miles.
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