North Chicago, Illinois Real Estate & Housing Market

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North Chicago Housing Information

Index	North Chicago	Illinois	National
Median home price	$106,500	$174,800	$184,700
Median rent asked	$1,128	$925	$949
Avg. people per household	3.0	2.6	2.6
Owner occupied households	34.3%	66.0%	63.6%
Renter occupied households	65.7%	34.0%	36.4%

The above shows an overview of the real estate market in North Chicago, IL. Note how the median home price for North Chicago, IL runs $106,500, which is 39% lower than the average property price for Illinois. So you’re going to get real estate in North Chicago, IL that is on-average more affordable than what you’ll find in the rest of Illinois. As for rent, the median for North Chicago, IL runs $1,128, which is comparatively 22% higher than the average rent for Illinois. For North Chicago, IL, about 34.3% of the population consist of home owners with about 3.0 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, North Chicago, IL offers a wide variety of real estate. To find your perfect home in North Chicago, IL, filter your choice by price, location, and number of beds and baths using the search area above.

North Chicago Home Affordability

When deciding where to purchase North Chicago, IL real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In North Chicago, IL the median home price is $106,500 and $42,145 is the median household income. As a result, the home price to income ratio in North Chicago, IL is 2.5x, which is 14% lower than the Illinois average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in North Chicago, IL the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in North Chicago, IL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Park City, IL	7,402	$27,900	85%
Zion, IL	24,195	$116,800	37%
Waukegan, IL	88,159	$118,600	36%
Round Lake Park, IL	7,989	$120,000	35%
Round Lake Beach, IL	27,936	$125,400	32%
North Chicago, IL	30,023	$106,500	42%

Cities with similar population

City, State	Population	Home Price	National Avg.
Walnut, CA	30,026	$679,700	268%
Rochester, NH	30,052	$161,200	13%
Matthews, NC	30,054	$224,000	21%
San Pablo, CA	29,991	$221,400	20%
Westchester, FL	30,058	$259,900	41%
North Chicago, IL	30,023	$106,500	42%

Source: The North Chicago, IL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).