Much like its surrounding areas, it's a little more expensive compared to the rest of the country.
Home prices
The median home value in Chicago is $258,000. Compared to its surrounding areas it is is very similar.Compared to the rest of the nation it is approximately $40,500 (18%) higher.
Rents
Chicago's median rent is $1,112 a month. It is approximately $38 (3%) lower in comparison to other places in this area.It is approximately $50 (4%) higher in comparison to the entire nation.
Nearby places
Cicero
Cicero is Chicago's neighbor to the west. The real estate prices there are significantly less expensive. Cicero's median home value is $165,100, which works out to $92,900 (56%) lower than Chicago. Rent there is somewhat less expensive. The median rent in Cicero is $940 per month, which works out to $172 (18%) lower than Chicago.
Stickney
Stickney is Chicago's neighbor to the west. Housing prices there are significantly less expensive. The value of the median home in Stickney is $191,000, which works out to $67,000 (35%) lower than Chicago. Rents there are a little less expensive. In Stickney the median monthly rent is $1,057, which works out to $55 (5%) lower than Chicago.
Forest View
Forest View is Chicago's neighbor to the southwest. The housing prices there are substantially less expensive. The median home in Forest View is valued at $194,900, which works out to $63,100 (32%) lower than Chicago. Its rents are a bit more expensive. The median monthly rent in Forest View is $1,550, which is $438 (28%) higher than Chicago.
Oak Park
Oak Park is Chicago's neighbor to the northwest. Real estate prices there are significantly more expensive. Oak Park's median home cost is $387,300, which is $129,300 (33%) higher than Chicago. Rents there are a little more expensive. Oak Park's median monthly rent is $1,175, which is $63 (5%) higher than Chicago.
Berwyn
Berwyn is roughly 4 miles west from Chicago. Real estate prices there are a little less expensive. The median home in Berwyn is valued at $211,700, which works out to $46,300 (21%) lower than Chicago. Its rents are somewhat less expensive. The median monthly rent in Berwyn is $969, which comes out to $143 (14%) lower than Chicago.
Riverside
Riverside is roughly 5 miles west of Chicago. The housing prices there are substantially more expensive. The value of the median home in Riverside is $406,300, which comes out to $148,300 (36%) higher than Chicago. Its rents are a bit more expensive. The median rent in Riverside is $1,209 a month, which is $97 (8%) higher than Chicago.