The Loop, Chicago, IL—60603
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — The Loop, Chicago, IL
As of Oct '25, the median home price in The Loop, Chicago, IL is $309,000, with a year-over-year change of -8.6%. This indicates that home prices in The Loop, Chicago, IL are decreasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $309,000 | -8.6% |
| Single Family | N/A | N/A |
| Condos | $292,000 | -13.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $288,000 | -1.4% |
2 Bed | $537,000 | -4.1% |
3 Bed | $1,153,000 | -4.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — The Loop, Chicago, IL
As of July '25, Rentcast reports the average rent in The Loop, Chicago, IL is $2,600, with a year-over-year rent change of 3.2%. Per bedroom, the median rent as of July '25 in The Loop, Chicago, IL is studios: $2,080, 1-bedrooms: $2,350, 2-bedrooms: $3,310, 3-bedrooms: $7,000. The most common rental property sizes in The Loop, Chicago, IL are studio and 1-bedroom, accounting for 48.4% and 38.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,600 |
| Studio Rent | $2,070 | $2,080 |
| 1 Bed Rent | $2,400 | $2,350 |
| 2 Bed Rent | $3,020 | $3,310 |
| 3 Bed Rent | $7,000 | $7,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — The Loop, Chicago, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in The Loop, Chicago, IL is 71. This is a increase of 28.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $473,000 | -25.0% |
Listing Count | 29 | 30.0% |
| Listings as % of Homes | 2.1% | 30.0% |
Days on Market | 71 | 28.0% |
Demographics — The Loop, Chicago, IL
As of the latest ACS Survey released in 2023, The Loop, Chicago, IL has a population of 1,130, which has decreased by -4.1% over the past 5 years. The Loop, Chicago, IL is a less popular place for families, as children make up 4.5% of the population. The area has a highly educated workforce, with 92.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 32.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,130 | -4.1% |
% Under 18 | 4.5% | -6.2% |
% Seniors | 17.9% | 88.4% |
% WFH | 32.8% | 465.5% |
% w/ College Degree | 92.0% | -4.0% |
As of the latest ACS Survey released in 2023, The Loop, Chicago, IL is a predominantly white area, with 49.6% of the population identifying as white. The white population has shrunk by 17.6% in the last 5 years. The second most common race or ethnicity in The Loop, Chicago, IL is asian, making up 35.8% of the population. Foreign-born residents account for 29.0% of the population in The Loop, Chicago, IL, and this percentage has increased by 8.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 49.6% | -17.6% |
% Black | 6.7% | 109.4% |
% Hispanic | 5.9% | -39.8% |
% Asian | 35.8% | 29.7% |
% Foreign Born | 29.0% | 8.2% |
Mortgage and Risk — The Loop, Chicago, IL
The Loop, Chicago, IL lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — The Loop, Chicago, IL
The Loop, Chicago, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $2,400 | $2,340 |
| 2 Bedroom | -$380 | $3,020 | $2,640 |
| 3 Bedroom | -$3,610 | $7,000 | $3,390 |
| 4 Bedroom | N/A | N/A | $3,980 |
Affordability — The Loop, Chicago, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $309,000 |
| Median Household Income | $128,000 |