West Loop, Chicago, IL—60606
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Loop, Chicago, IL
As of Oct '25, the median home price in West Loop, Chicago, IL is $304,000, with a year-over-year change of 4.4%. This indicates that home prices in West Loop, Chicago, IL are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $304,000 | 4.4% |
| Single Family | N/A | N/A |
| Condos | $294,000 | 6.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $276,000 | 3.4% |
2 Bed | $386,000 | 0.5% |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — West Loop, Chicago, IL
As of July '25, Rentcast reports the average rent in West Loop, Chicago, IL is $2,980, with a year-over-year rent change of -10.5%. Per bedroom, the median rent as of July '25 in West Loop, Chicago, IL is studios: $2,260, 1-bedrooms: $2,890, 2-bedrooms: $3,790, 3-bedrooms: $6,080. The most common rental property sizes in West Loop, Chicago, IL are 1-bedroom and studio, accounting for 55.6% and 28.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,820 | $2,980 |
| Studio Rent | $2,340 | $2,260 |
| 1 Bed Rent | $2,980 | $2,890 |
| 2 Bed Rent | $3,860 | $3,790 |
| 3 Bed Rent | $5,500 | $6,080 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — West Loop, Chicago, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in West Loop, Chicago, IL is 23. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $381,000 | -16.0% |
Listing Count | 23 | -1.0% |
| Listings as % of Homes | 0.8% | -1.0% |
Days on Market | 23 | -3.0% |
Demographics — West Loop, Chicago, IL
As of the latest ACS Survey released in 2023, West Loop, Chicago, IL has a population of 3,530, which has increased by 13.7% over the past 5 years. West Loop, Chicago, IL is a less popular place for families, as children make up 3.2% of the population. The area has a highly educated workforce, with 92.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,530 | 13.7% |
% Under 18 | 3.2% | -3.0% |
% Seniors | 4.4% | -68.3% |
% WFH | 26.8% | 111.0% |
% w/ College Degree | 92.6% | -0.5% |
As of the latest ACS Survey released in 2023, West Loop, Chicago, IL is a predominantly white area, with 57.9% of the population identifying as white. The white population has shrunk by 15.7% in the last 5 years. The second most common race or ethnicity in West Loop, Chicago, IL is asian, making up 30.7% of the population. Foreign-born residents account for 22.2% of the population in West Loop, Chicago, IL, and this percentage has decreased by 5.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 57.9% | -15.7% |
% Black | 3.0% | 25.0% |
% Hispanic | 7.1% | 12.7% |
% Asian | 30.7% | 69.6% |
% Foreign Born | 22.2% | -5.9% |
Mortgage and Risk — West Loop, Chicago, IL
West 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 — West Loop, Chicago, IL
West Loop, Chicago, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$640 | $2,980 | $2,340 |
| 2 Bedroom | -$1,220 | $3,860 | $2,640 |
| 3 Bedroom | -$2,110 | $5,500 | $3,390 |
| 4 Bedroom | N/A | N/A | $3,980 |
Affordability — West Loop, Chicago, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $304,000 |
| Median Household Income | $139,000 |