Chicago, IL Housing Market
Market data powered by Zillow Research. Last updated: 2026-04-02
Chicago, IL is showing healthy, moderate growth.
- •Steady price growth of 4.0% year-over-year — a balanced market.
- •Price-to-rent ratio: 13.2 — buying is likely more cost-effective than renting.
Median Home Value
$338,685
ZHVI
Year-over-Year
+4%
Price change
5-Year Change
+32.7%
Since 2021
Median Rent
$2,132/mo
ZORI
Active Listings
17,268
For sale
State Avg
$281,547
Illinois
Home Value Trends
5-year Zillow Home Value Index for Chicago, IL vs. state and national averages.
Rent Data
Median Rent
$2,132/mo
Rent YoY Change
+5.3%
Other Markets in Illinois
Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.