Chicago, IL Real Estate

According to census data in the year 2000 there were 1,152,871 housing units in Chicago. This represents a 1.8% growth from 1,133,039 in 1990.

Of those housing units, 1,152,871 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Chicago is about 43.8%. Chicago's vacancy rate, including seasonal lodging, is about 7.9%. Average household size is 2.67 people.

The majority of houses, apartments or condos in Chicago were built after 1948.


Housing Size

Housing Units by Size
Studio Type7.40%
One Bedroom22.60%
Two Bedrooms33.60%
Three Bedrooms26.60%
Four Bedrooms6.90%
Five Bedrooms or more2.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.06
Median year structure was built1947
Median Value of occupied units$132,400
Median Price asked for vacant units$98,700

Rented Homes, Apartments and Condos

Average Household Size2.37
Median year structure was built1949
Median Monthly Rent asked for vacant units$515

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage7.80%
Home Equity Loan7.70%
Simple Mortgage52.70%
Debt Free31.50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs20.5%