Chicago, IL

Metro area in Illinois · Updated Jan 2026

12-Month Forecast ↑ +1.8%

Median Home Value

$333,939

↑ +3.9%

Year-over-year

Median Rent

$2,091/mo

↑ +5.4%

Year-over-year

Rental Yield

7.5%

Excellent for investors

5-Year Appreciation

+33.7%

Income Needed to Buy

$105,930

20% down, 30% DTI max

Active Listings

18,331

For-sale inventory

Price-to-Rent Ratio

13.3

Favors buying

Price Forecast

1 Month

↑ +0.5%

3 Months

↑ +1.2%

12 Months

↑ +1.8%

5-Year Price Trend

Calculate your mortgage for Chicago, IL

See monthly payments for a $333,939 home →

Should you rent or buy in Chicago, IL?

Price-to-rent ratio: 13.3x — Buying likely wins. Run a full breakeven analysis with Chicago, IL numbers pre-filled →

Frequently Asked Questions