The median home in Chicago, Illinois is valued at $305,295, up 2.4% year over year. Typical monthly rent is $2,252, producing a price-to-rent ratio of 11.3x — below the national average of 18x. Chicago is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$305,295

+2.4%

Rent$2,252/mo

Prices rising — worse for buyers.

Affordability

Enter your income for Chicago.

Income (annual)

Down Payment

$61,059 on $305,295

Example: $75,000 household income. Change it above to see your own.

Out of reach36.2% of income

Need $96,900/yr to afford.

PITI$2,261

P/I36.2%

Afford$236K

Gap-$69K

P&I $1,544Tax $567Ins $150

Renting $9/mo cheaper ($2,252 rent)6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Illinois

Compare Chicago with other housing markets across Illinois.

Kenilworth$1.93M Winnetka$1.73M Glencoe$1.51M Bannockburn$1.22M Golf$1.19M Hinsdale$1.18M Lake Forest$1.14M South Barrington$1.08M

Full Chicago-Naperville-Elgin, IL-IN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Chicago-Naperville-Elgin, IL-IN-WI metro.

View Chicago-Naperville-Elgin, IL-IN-WI metro

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Chicago, IL