Lakeview, Chicago, IL 60613 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Lakeview, Chicago, IL—60613

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$321,000

5.0% YoY Growth

Household Income

$91,400

11.0% YoY Growth

Days on Market

48

24.0% Shorter YoY

Home Price Forecast

1.1%

Median Rent

$2,100

4.9% YoY Growth

1-Bed Rent

$1,880

5.3% YoY Growth

2-Bed Rent

$2,750

4.4% YoY Growth

3-Bed Rent

$3,550

9.0% YoY Growth

Other Zip Codes in Lakeview, Chicago, IL

Home Price Trends — Lakeview, Chicago, IL

As of Dec '25, the median home price in Lakeview, Chicago, IL is $321,000, with a year-over-year change of 5.0%. This indicates that home prices in Lakeview, Chicago, IL are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$321,000	5.0%
Single Family	$1,029,000	6.4%
Condos	$286,000	4.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lakeview, Chicago, IL

As of July '25, Rentcast reports the average rent in Lakeview, Chicago, IL is $2,340, with a year-over-year rent change of -4.9%. Per bedroom, the median rent as of July '25 in Lakeview, Chicago, IL is studios: $1,470, 1-bedrooms: $1,980, 2-bedrooms: $2,830, 3-bedrooms: $3,620, 4-bedrooms: $4,790. The most common rental property sizes in Lakeview, Chicago, IL are 1-bedroom and 2-bedroom, accounting for 39.7% and 30.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,100	$2,340
Studio Rent	$1,450	$1,470
1 Bed Rent	$1,880	$1,980
2 Bed Rent	$2,750	$2,830
3 Bed Rent	$3,550	$3,620
4 Bed Rent	$4,650	$4,790

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% of Rental Stock

Studio

20.1%

1 Bedroom

39.7%

2 Bedrooms

30.5%

3 Bedrooms

7.3%

4 Bedrooms

1.8%

5+ Bedrooms

0.5%

Property Listings — Lakeview, Chicago, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Lakeview, Chicago, IL is 33. This is a decrease of -16.0% 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	$250,000	-11.0%
Listing Count	135	-10.0%
Listings as % of Homes	0.6%	-10.0%
Days on Market	48	-24.0%

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Demographics — Lakeview, Chicago, IL

As of the latest ACS Survey released in 2023, Lakeview, Chicago, IL has a population of 51,300, which has increased by 2.4% over the past 5 years. Lakeview, Chicago, IL is a less popular place for families, as children make up 11.4% of the population. The area has a highly educated workforce, with 74.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 32.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	51,300	2.4%
% Under 18	11.4%	-1.7%
% Seniors	10.2%	15.9%
% WFH	32.0%	326.7%
% w/ College Degree	74.7%	0.3%

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As of the latest ACS Survey released in 2023, Lakeview, Chicago, IL is a predominantly white area, with 67.5% of the population identifying as white. The white population has shrunk by 7.5% in the last 5 years. The second most common race or ethnicity in Lakeview, Chicago, IL is hispanic, making up 12.7% of the population. Foreign-born residents account for 16.0% of the population in Lakeview, Chicago, IL, and this percentage has increased by 8.8% 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	67.5%	-7.5%
% Black	8.1%	39.7%
% Hispanic	12.7%	12.4%
% Asian	8.1%	22.7%
% Foreign Born	16.0%	8.8%

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Mortgage and Risk — Lakeview, Chicago, IL

According to HUD data as of 2023, there were 803 mortgage originations in Lakeview, Chicago, IL, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Lakeview, Chicago, IL. Investor activity is low, as 3.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	803
% Conventional Loans	98.0%
% Government Loans	2.0%
% Investor Loans	3.0%
% Second Loans	2.0%
% Cash Out Refinance	4.0%

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Rentals and Section 8 — Lakeview, Chicago, IL

As of 2024, the percent of homes in Lakeview, Chicago, IL under the Section 8 program is 6.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Lakeview, Chicago, IL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	1,819
Total Units Section 8	1,157
% Rentals under Section 8	6.3%
% Occupied Section 8	92.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$460	$1,880	$2,340
2 Bedroom	-$110	$2,750	$2,640
3 Bedroom	-$160	$3,550	$3,390
4 Bedroom	-$670	$4,650	$3,980