2021 Housing Market Overview

Chicago Real Estate Market 2021

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Chicago Real Estate Market Overview

Metro Population: 9.5M

Median Household Income:$75,000

Unemployment Rate:11.8%

Median Home Price*:$248,400

Median Monthly Rent*:$1,783

Should You Buy Rental Property in the Chicago Real Estate Market in 2021?

Interested in investing in the Chicago real estate market in 2021? On this page you’ll learn about housing market trends and statistics to help you make that decision.

About Chicago

Located in northeastern Illinois on the southwestern shores of Lake Michigan, Chicago is the third-most populous city in the United States and the fifth-most populous city in North America. Although the city has been called by many nicknames, it is most widely known as the Windy City.

More To Love About Chicago:

  • Chicago has the third-largest gross metropolitan product in the United States—about $697.4 billion according to 2020 estimates. The city has also been rated as having the most balanced economy in the United States, due to its high level of diversification.
  • According to World Business Chicago, the Chicago metro is also home to more than 400 major corporate headquarters, including 31 Fortune 500 HQs and 300 corporate R&D facilities. Some of the most well known Chicago HQs are Walgreens, Boeing, and Sears Holdings Corp.
  • Today, the Windy City is recognized as the fourth-most important business center in the world (according to the MasterCard Worldwide Centers of Commerce Index).
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Major Employers in Chicago

News

Property Teams

Property Team details can only be viewed in the Investor Portal, which can be accessed by RealWealth members who are logged in at Investor.RealWealth.com

Sample properties

Sample properties can only be viewed in the Investor Portal, which can be accessed by RealWealth members who are logged in at Investor.RealWealth.com.

Disclaimer: The information provided on this page is for educational purposes only. RealWealth makes no warranty or representation as to the accuracy, completeness or reliability of this information. Please be advised that this content may contain errors, is subject to revision at all times, and should not be relied upon for any purpose. Under no circumstances shall RealWealth be liable to you or anyone else for damage stemming from the use or misuse of this information.

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