Home prices
The median home in New Chicago costs $82,900. This is roughly $77,200 (48%) lower compared to its nearby areas.In comparison to the country as a whole it is about $134,600 (61%) lower, and it is approximately $175,100 (67%) lower compared to the city of Chicago.
Rents
In New Chicago the median monthly rent is $920. Compared to nearby areas this is approximately $112 (10%) lower.It is about $142 (13%) lower in comparison to the rest of the nation, and it is roughly $192 (17%) lower compared to the city of Chicago.
Nearby places
Lake Station
Lake Station is New Chicago's neighbor to the northeast. Real estate prices there are similar. The median home value in Lake Station is $84,400, which works out to $1,500 (1%) higher than New Chicago. Rents there are pretty similar. In Lake Station the median rent is $953 a month, which comes out to $33 (3%) higher than New Chicago.
Hobart
Hobart is New Chicago's neighbor to the south. Its real estate prices are substantially more expensive. The median home in Hobart is valued at $142,700, which works out to $59,800 (41%) higher than New Chicago. Rents there are similar. In Hobart the median monthly rent is $954, which works out to $34 (3%) higher than New Chicago.
Gary
Gary is about 3 miles northwest of New Chicago. Real estate prices there are a bit less expensive. The median home in Gary is valued at $66,100, which comes out to $16,800 (25%) lower than New Chicago. Rent there is somewhat less expensive. Gary's median monthly rent is $785, which is $135 (17%) lower than New Chicago.
Portage
Portage is approximately 4 miles northeast of New Chicago. The housing prices there are substantially more expensive. The median home value in Portage is $152,500, which comes out to $69,600 (45%) higher than New Chicago. The rent there is fairly similar. The median rent in Portage is $902 per month, which comes out to $18 (1%) lower than New Chicago.
Ogden Dunes
Ogden Dunes is about 5 miles northeast of New Chicago. Real estate prices there are a lot more expensive. The cost of the median home in Ogden Dunes is $354,800, which works out to $271,900 (76%) higher than New Chicago. The rent there is substantially more expensive. In Ogden Dunes the median monthly rent is $1,568, which is $648 (41%) higher than New Chicago.
