2020 Housing Market Overview

Chicago Real Estate Market 2020

PLEASE NOTE: The information on this page was gathered before the Coronavirus impact. Things are changing on an hourly basis, and we are working to update our data and keep it current. In the meantime, please do not rely on the information on this page to be current.

Chicago Real Estate Market Overview

Metro population:
9.5M
Median household income:
$84,000
Unemployment rate:
3.60%
Median home price*:
$210,000
Median monthly rent*:
$1,679
Chicago Real Estate Market Trends & Statistics 2020
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Interested in investing in the Chicago real estate market in 2020? 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 $737.3 billion according to Statista’s 2019 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

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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.RealWealthNetwork.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.RealWealthNetwork.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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