Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroomSaved on this device

Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroom

Chicago, IL

Housing in Chicago, IL: Rent, Home Prices & Property Tax

$1,782/mo (1 bd) in Chicago. Median home $301,900. Property tax 2.10%.

Rank metros from ChicagoHow we figure this

Rent (1 bd): $1,782; /mo
Buy: $2,332; Mortgage, tax, insurance
Buying costs more: $550; /mo

State tax and rent

To buy

20% down payment$60,380
Mortgage at 6.5%$1,527
Property tax (2.10% of value)$528/mo · $6,340/yr
Insurance and upkeep$277
Monthly total$2,332

45.1% of renters spend 30% or more of income on rent. Census ACS 2023.

Months to 20% down

$2,426 left each month. About 25 months (2.1 years) to save $60,380.

Asking rent. Census median home price. 30-year fixed, 6.5%, 20% down. Not lending advice.

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