Home prices
The median home in Northlake costs $181,700. Compared to the surrounding areas this is about $43,420 (19%) lower.It is approximately $35,800 (16%) lower compared to the entire nation, and is about $76,300 (29%) lower compared to the city of Chicago.
Rents
The median monthly rent in Northlake is $958. It is approximately $125 (11%) lower in comparison to nearby areas.In comparison to the US as a whole it is approximately $104 (9%) lower, and compared to the city of Chicago it is roughly $154 (13%) lower.
Nearby places
Stone Park
Stone Park is Northlake's neighbor to the southeast. Real estate prices there are significantly less expensive. The cost of the median home in Stone Park is $118,500, which comes out to $63,200 (53%) lower than Northlake. Rents there are somewhat more expensive. The median monthly rent in Stone Park is $1,099, which comes out to $141 (12%) higher than Northlake.
Berkeley
Berkeley is Northlake's neighbor to the south. Real estate prices there are fairly similar. Berkeley's median home price is $178,700, which comes out to $3,000 (1%) lower than Northlake. Rents there are pretty similar. In Berkeley the median monthly rent is $943, which works out to $15 (1%) lower than Northlake.
Franklin Park
Franklin Park is Northlake's neighbor to the northeast. The housing prices there are a little more expensive. The median home price in Franklin Park is $203,800, which comes out to $22,100 (10%) higher than Northlake. Its rents are somewhat less expensive. The median monthly rent in Franklin Park is $881, which works out to $77 (8%) lower than Northlake.
Melrose Park
Melrose Park is Northlake's neighbor to the southeast. The housing prices there are a bit more expensive. The median home value in Melrose Park is $192,000, which is $10,300 (5%) higher than Northlake. The rent there is fairly similar. The median monthly rent in Melrose Park is $995, which works out to $37 (3%) higher than Northlake.
Elmhurst
Elmhurst is Northlake's neighbor to the southwest. The real estate prices there are a lot more expensive. The median home in Elmhurst costs $432,600, which works out to $250,900 (57%) higher than Northlake. Rents there are substantially more expensive. The median rent in Elmhurst is $1,497 per month, which comes out to $539 (36%) higher than Northlake.
