Home Value Estimator For Chicago, IL
There are currently 843,417 real estate properties
in Chicago, IL,
with a median automated valuation model (AVM) price
of $315,794.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Chicago, IL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Chicago, IL,
is $434,314.00, with the most expensive house
in Chicago, IL, topping out
at $248,098,528.00 and the cheapest home
in Chicago, IL,
clocking in at $10,006.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Chicago, IL!
Rent Prices
In Chicago, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Chicago, IL, is on
a rollercoaster ride. The
average rent price in Chicago, IL,
is $1,826.00. Indeed, when looking to rent in
Chicago, IL, you can expect to pay as little
as $460.00 or as much
as $5,500.00,
with the average rent median estimated to
be $1,700.00. The good news is that finding
an affordable and desirable property to rent in Chicago, IL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
